Munis sit on sidelines ahead of large GO deals
Deep-in-the-red municipal returns are not helping assuage investor concerns, creating a negative feedback loop that has yet to see a pause.
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Deep-in-the-red municipal returns are not helping assuage investor concerns, creating a negative feedback loop that has yet to see a pause.
Outflows continue with the Investment Company Institute reporting $6.167 billion pulled from muni bond mutual funds in the week ending May 4, up from $5.371 billion of outflows in the previous week.
Bausch + Lomb Corp., a subsidiary of Bausch Health Co. Inc., announced May 5 the pricing of its initial public offering of 35 million common shares at $18 per share, which is below the estimated IPO price of between $21 and $24, according to its April 28 filing with the SEC.
The state's Local Government Commission approved more than $1.5 billion in bond and financing agreements, including more than $600 million for the airports.
State Treasurer Fiona Ma announced the results of a $3 billion sale of University of California Medical Center Pooled Revenue bonds.