Munis firmer, outflows top $5 billion for second week
The Investment Company Institute reported $5.128 billion of outflows for the week ending Oct. 5 after $5.374 billion of outflows the previous week.
Stay updated with breaking news from Ramirez Co. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Investment Company Institute reported $5.128 billion of outflows for the week ending Oct. 5 after $5.374 billion of outflows the previous week.
U.S. Treasuries saw more losses and municipal to UST ratios fell on the day's moves with the long bond valuation below 100%.
The committee aims to craft best practices that would encourage greater use of the "green bond" label.
S&P upgraded the bonds to AA-plus and Fitch revised the outlook on the AA-rated debt to positive from stable.
The taxables are the city's first social bonds, which S&P said are aligned with the International Capital Market Association's Social Bond Principles.