Securitization

The board stands by its chief economist's conclusions after criticism from the Bond Dealers of America.

With new optimism for the future of munis following the midterm elections, an active week is in store.

The MSRB should tread carefully in basing future research or rulemaking on its July study of secondary market spreads, BDA said.

Municipal bond supply takes a big leap forward during next week’s holiday-shortened trading since markets are closed on Monday for Veterans Day.

In the week ended Nov. 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.33% from 4.26% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Munis ended stronger on a day when activity was muted ahead of the Fed leaving rates unchanged.

Municipal bonds remained stronger, basking in the afterglow of U.S. election results.

Municipals are described as "idiosyncratic" as the municipal yield curve isn’t automatically tracking the Treasury curve. Coupons matter, outflows are manageable, liquidity is strong and munis are attractive to global buyers. Lord Abbett’s Dan Solender, portfolio manager, and Eric Friedland, head of municipal research, discuss all the factors. John Hallacy is host.

Munis were buoyed by election results indicating that infrastructure may be on the Congressional agenda.

Munis will see some deals price into a slightly stronger market on the heels of Tuesday's midterm elections.

Muni activity is being tempered by this week’s election focus, market sources said.

Structural differences insulated Chicago bonds from the worst of the impacts of S&P's new criteria while dragging down the rating of Build Illinois debt.

The Virginia College Building Authority competitively sold almost $215 million of tax-exempt and taxable revenue bonds.

A lack of depth in the market is partly to blame for low trading activity, according to one manager.

Municipal supply slacks off this week as bond yields continue to inch higher.

The muni market was weaker again Friday, as yields followed Treasurys higher after government data showed strong job growth.

The muni market continued its recent trend of weakening everyday, while the October labor data was strong, with nonfarm payrolls jumping to 250,000 versus the expected number of 190,000.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, inched up to 4.26% from 4.25% the week before.

The muni market continued to weaken the day after Chicago pulled the biggest deal of the week.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.