Washington

LSEG Lipper reported fund inflows of $63.8 million for the week ending Wednesday following $300.5 million of inflows the prior week. High-yield saw its 11th consecutive week of inflows at $180.4 million, down from $278.6 million the week prior.

House Speaker Mike Johnson has unveiled a spending package to keep the government funded for the remainder of FY 2024, setting up a tense window for the bill to be passed before the government shuts down on Saturday morning.

The new rules are expected to boost bond issuance.

"The balance of March may continue to be better-than-expected, particularly given existing demand and decent reinvestment needs over the next 30 days," according to Oppenheimer's Jeff Lipton.

The House Financial Services Subcommittee on Oversight and Investigations gathered in Tennessee on Monday to discuss the implications of the SEC's newly finalized climate rule.

The traditional tax exemption "does take some of the volatility out," said Mark Ritacco, chief government affairs officer for the National Association of Counties.

Analysts ponder what the Fed will do this year with a March cut ruled out amid recent reports of higher-than-expected inflation.

The Municipal Securities Rulemaking Board brought four trade groups together to discuss the volatility and allocation of its fees under the now abandoned rate card model.

The Municipal Bonds for America Coalition, headed by the Bond Dealers of America, is putting its lobbying work into overdrive as tax reform begins to show its head as a major legislative priority.

While the SEC's cybersecurity rule does not apply to municipal issuers, there are a few points discussed in the Adopting Release that may be useful for municipal market participants.