Washington

High-yield saw outflows of $867.067 million after $594.497 million of outflows the week prior while exchange-traded funds saw inflows of $736.967 million after $444.544 million of inflows the previous week.

Key takeaways from the preliminary findings show that most jurisdictions that integrate racial equity in bond issuance focuse primarily on the use of the proceeds. 

Investors pulled $3.843 billion from mutual funds in the week ending Oct. 26 after $3.876 billion of outflows the previous week, according to ICI.

Federal infrastructure dollars continue to support driver-related programs, now with an emphasis on reducing tailpipe emissions.

October returns were in the red with the Bloomberg Municipal Index showing a loss of 0.83% for the month, bringing total losses in 2022 to 12.86%. Only May and July saw positive returns for the asset class.

Massachusetts looks to a millionaire's tax for transportation and a measure in tourist-heavy Orange County, Florida would double local transit funding.

With the Federal Reserve's hike pretty much expected, analysts will search for clues about future moves.

Total October volume was $24.951 billion in 510 deals versus $41.811 billion in 1,068 issues a year earlier, according to Refinitiv data.

Watkins has served in a variety of leadership roles on muni associations and is described by colleagues as a tireless advocate for the municipal bond issuing community.

The MSRB will seek comment on Rule G-3 on professional qualifications that would add an exemption for muni advisors having to requalify in instances where their qualification had lapsed.