Posts Tagged ‘New York City Transitional Finance Authority’
Another rough session; Connecticut, NYC TFA face higher yields in institutional pricing
Municipal mutual fund losses continued last week as the Investment Company Institute reporting investors pulled $2.645 billion from the funds in the week ending Oct. 11. ETFs see more inflows, though.
Read MoreBillion-dollar-plus bellwether names lead nearly $12B week
As valuations got richer after muni outperformance this week, Barclays strategists expect munis to be “truly tested in the next several weeks, with supply picking up.”
Read MoreMunis improve, NYC TFA retail prices
The back half of July is starting “much like the front half with ongoing UST volatility and municipal supply staying in the forefront,” said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.
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