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With volatility and illiquidity realities for the foreseeable future, insights into new-issue and secondary pricing are critical.
March 18Lumesis -
As 2022 unfolds, a confluence of challenges has affected pricing, trading and fund flows in the muni market.
March 15 -
As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.
March 7 -
February volume was $26.481 billion in 594 deals versus $37.052 billion in 981 issues a year earlier, bringing total volume for the first two months of the year to $51.426 billion, or 20% less than 2021.
February 28 -
The Build Back Better in its current form essentially has been killed by Sen. Joe Manchin, likely limiting the potential for tax hikes in the coming year.
December 20 -
The Thanksgiving holiday-shortened week, next-to-no supply and few economic data releases should keep munis steady.
November 19 -
Exactly one year after record billions were pulled from municipal bond mutual funds and the market was in free fall, municipals followed U.S. Treasuries this week as the markets continued to dismiss the Fed's outlook on inflation and rates.
March 19 -
Municipals were little changed Monday as participants await the larger new-issue calendar while equities and U.S. Treasuries react to news out of Washington and COVID-19 ravages the globe.
January 11 -
Even with COVID-19-related shutdowns — a New York City lockdown may be imminent — issuers are pricing bonds into an extremely low-rate environment.
December 14 -
The fragility of the economy amid protests and the continuing coronavirus threats have dealers unloading some risk.
June 2