New-issue calendar grows; Jobs report validates hawkish Fed
Investors will be greeted Monday with a new-issue calendar estimated at $5.268 billion.
Source: bondbuyer.com
Page 3 - Bid Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Bid Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Bid Group Today - Breaking & Trending Today
Munis pressured out long; New deals face concessions
Outflows continued as investors pulled $3.876 billion from mutual funds in the week ending Oct. 19 after $4.532 billion of outflows the previous week, according to the Investment Company Institute.
Source: bondbuyer.com
Focus moves to primary while USTs whipsaw
While muni performance has turned negative for October, "the asset class is significantly outperforming UST," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.
Source: bondbuyer.com
Munis see more losses, 30-year tops 4%
"Municipal market performance has improved, but the bumpy road continues as investors remain uncertain about the interest rate environment," said Nuveen's Head of Municipals John Miller.
Source: bondbuyer.com
Municipals sell off hard, 30-year muni nears 4%
Selling pressure was on the rise again this week. Thursday's $2.919 billion of bonds out for the bid was only surpassed on March 19, 2020, when they hit $4.115 billion. A larger calendar closes out October.
Source: bondbuyer.com