On a day characterized by fluctuating performance across financial markets, municipal bonds demonstrated a unique resilience compared to their U.S. Treasury counterparts. Following significant gains resulting from post-election sentiment, the stock market took a breather, concluding the session in negative territory. This environment, however, did not significantly derail the municipal bond market. Triple-A rated municipal
Bonds
In recent discussions at The Bond Buyer California Public Finance conference, Dave Sanchez, the director of the Securities and Exchange Commission’s (SEC) Office of Municipal Securities, highlighted a critical area of oversight: new-issue pricing. This topic is part of the SEC’s 2025 exam priorities, reflecting a significant shift in regulatory focus impacting municipal advisors and
Recent political shifts in the United States, characterized by a significant electoral victory for former President Donald Trump and the Republican Party’s reclaiming of the Senate, have sent ripples through the financial markets, particularly impacting the municipal bond sector. This outcome has ushered in a climate of heightened expectations regarding fiscal policy adjustments, triggering a
The municipal bond market remained stable on Tuesday, as investors chose to adopt a wait-and-see approach ahead of two significant events: the much-anticipated election results and the Federal Open Market Committee (FOMC) meeting scheduled for Thursday. These events are expected to generate substantial market volatility, impacting not only immediate trading but also the broader economic
The momentum in the municipal market continues to be shaped by varying economic and political dynamics, with recent movements indicating a cautious attitude among investors. With the election fast approaching and a Federal Open Market Committee (FOMC) meeting on the calendar, market participants are preparing for potential volatility. Recent trends showcase the interplay between municipal
The fixed income landscape at the conclusion of October has exhibited an array of shifts, presenting a mixture of caution and opportunities for investors. As we delve into the state of municipal bonds, Treasury securities, and the broader implications for market strategies, we will uncover the intricate dynamics that are shaping the investment environment right
In recent months, the market landscape surrounding Build America Bonds (BABs) has become increasingly complex due to a confluence of volatile market conditions, elevated interest rates, and shifting investor confidence. As of now, a notable slowdown in BAB redemptions can be observed. Yet, despite these hurdles, various issuers have signaled their intent to redeem outstanding
The municipal bond market recently experienced a reversal in yield trends, snapping a streak of rising rates that persisted over four trading sessions. With U.S. Treasuries also showing signs of recovery and stock equities exhibiting a mixed performance, the trend among municipal yields—declining by as much as seven basis points—signals a shift in investor sentiment.
The municipal bond market has recently experienced noteworthy shifts, revealing interesting dynamics that may influence future investment strategies. As observed last Wednesday, a sharp correction led to a significant rise in yields across the board. With yields on municipal bonds adjusting upward—as much as 18 basis points in certain segments—these changes signal a need for
The investment landscape is witnessing a transformative shift as investors increasingly favor exchange-traded funds (ETFs) over traditional mutual funds. Recent announcements, particularly BlackRock’s decision to convert its substantial $1.7 billion High Yield Municipal Bond Fund into an active ETF, underscore this trend. This article delves into the implications of this transition, the driving forces behind