Securitization

Siddharth Singhai, chief investment officer at IronHold Capital, explores how pension funds can choose better money managers. Paul Burton hosts. (16 min.)

As the long Labor Day holiday beckoned, munis remained mostly steady in quiet trading. Cal trades up.

Refinitiv Lipper reported $139.364 million of muni fund inflows, the 17th week in a row of positive results, but the lowest gain since July.

The Florida State Board of Administration Finance Corp. deal was upsized by $1 billion on a day that gave muni buyers a wide variety of paper to choose from.

September got off to a good start as buyers had their pick of a variety of new issues, which priced into a stable market environment.

Price guidance was issued on California's $2.4 billion GO deal as the State of New York Mortgage Agency got ready for its first social bond issue as the ESG muni market expands.

Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points, according to Refinitiv MMD.

More supply sold Thursday as the Chicago Transit Authority, the Austin ISD, Texas and Kern HSD, Calif., all came to market.

Ashton Goodfield, head of municipal bonds at DWS Group, talks with Chip Barnett about how the municipal bond market has been coping with the effects of the COVID-19 pandemic and what's in store for the rest of the year. (22 minutes)

Munis continued to weaken with yields on the AAA scales rising by as much as three basis points.

Municipals turned weaker on the long end Tuesday as NYC's tax-exempt GOs were priced for retail investors.

Municipal bonds ended unchanged on Monday ahead of this week $8 billion of new issuance.

Municipals were little changed on Friday after a market moved that took long yields up by as much as 15 basis points since mid-month.

Municipals were steady to weaker, with yields up by as much as three basis points on the long end Thursday.

The muni market steadied Wednesday as a strong dose of supply hit the screens.

Municipals were slightly weaker on Tuesday as investors take stock of inventories and exceedingly low yields for a market that might be ripe for a correction.

Municipal investors are somewhat tepid on current low rates Monday ahead of the week's $`11.5 billion of new supply.

Municipals continued to correct, with yields on the AAA scales rising by as much as three basis points as signs point to investor pullback from current low yields.

Municipals were steady on Thursday a day after turning weaker for the first time in almost two months. Refinitiv Lipper reported $2.3 billion of inflows.

Municipal yields rose as much as four basis points on Wednesday, while new issues played the field.