Page 4 - Ramirez Co News Today

Munis held "their firmer tone as Treasuries continued to rally once more this past week," said Jason Wong, vice president of municipals at AmeriVet Securities.

Yields on top-rated municipal bonds fell as much as nine basis points on Friday as bank contagion fears resurfaced and investors looked to safe-haven securities. The primary calendar is rebounding, with volume rising to an estimated $5.4 billion in the week ahead.

Outflows continued as Refinitiv Lipper reported $461.123 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $307.815 million of outflows the week prior.

"The muni market is no different than others, where fear and greed drive the trends," said Peter Delahunt, StoneX's managing director.

Triple-A benchmarks have fallen five to 10 basis points, depending on the scale.

Veteran of public finance bring experience to minority investment banking and advisory firm.

A substantial drop in new money volume sets California and the Far West apart from the the country.

Three municipal veterans will add to Ramirez' public finance operations in New York and Texas.

Most recently a California deputy treasurer, Schaefer was a trader, a banker and advisor with a deep legacy as a municipal bond market expert and mentor.

Jenine Windeshausen specialized in creating innovative bond transactions during three decades with Placer County.