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.
Outflows returned as Refinitiv Lipper reported $1.217 billion was pulled out of municipal bond mutual funds for the week ending Wednesday after $46.912 million of inflows the week prior.
Bank of America announced today the issuance of its third Equality Progress Sustainability Bond (EPSB) for $2 billion. The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability.
Lower supply in 2022 has somewhat helped the market avoid larger losses, many participants have said.
Munis were in their own lane while broader markets were mixed Monday as participants digested various Fed officials' comments on inflation and rate hike schedules.
Triple-A yields fell five to eight basis points while UST saw yields fall up to nine out long, moving the 30-year UST below 4% for the first time since mid-October.