Short-term munis sell off, yields rise along with USTs
The Investment Company Institute reported investors pulled another $290 million out of municipal bond mutual funds in the week ending May 10.
Source: bondbuyer.com
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Supportive environment remains for munis
The market is seeing a supportive environment for munis, said Nisha Patel, managing director of SMA Portfolio Management at Parametric.
Source: bondbuyer.com
Munis exhibit some weakness but largely unchanged
"With rates volatility seemingly subsiding in the past few weeks, we could start to see outflows decrease and demand flow back into munis," according to AmeriVet Securities' Jason Wong.
Source: bondbuyer.com
Debt limit concerns hanging heavier overhead
Investors will be greeted Monday with a new-issue calendar estimated at $6.018 billion with a few bellwether, triple-A names coming from Loudoun County, Virginia, Frederick County, Maryland, and Columbia University with sizable deals.
Source: bondbuyer.com
Springfield environmental science program celebrates 50 years in Forest Park
The Environmental Center of Springfield celebrated its 50th anniversary teaching Springfield elementary and middle school students about the outdoor world with an open house at its Forest Park headquarters.
Source: masslive.com