Muniland Minute: October 21, 2016

with Matt Posner of The Court Street Group

Muniland Minute: October 21, 2016
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October Supply Likely to Top $40 Billion

This month will see volume surge beyond a figure that while in 2016 hasn’t been too uncommon, is historically a ceiling rarely broken through. Given this supply dynamic, we look at historic precedent along with what it means going forward as far as interest rates are concerned.

Mutual Funds See First Outflows in Over a Year

Mutual funds that invest in municipal bonds saw their first outflow – or cash leaving the complex on a net basis – since the fall of 2015. Still, the market did quite well given this dynamic. Why?

Soaring Demand in 2016 has Meant Weaker Muni Bond Covenants

With such high demand in the municipal space, the market has seen an influx of lower-rated issuers with poorer covenants. We review what this means for investors and for defaults moving forward.

Puerto Rico Still Can’t Address It’s Crisis Appropriately

The latest fiscal plan from the U.S. Territory reflects an unwillingness to accept reality on behalf of the current Administration. Polling in the latest election suggests new policy makers will have a different approach.


Muniland Minute is a recurring guest post from Matt Posner and Bob Donahue of The Court Street Group looking at the week ahead in municipal finance. CSG is an independent leader in public finance research servicing individual investors, broker dealers, investment advisors and governmental bodies. This post is not to be considered legal, financial, or tax advice.
Matt PosnerMuniland Minute: October 21, 2016

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