Taylor Riggs

Lipper has revised its weekly municipal bond fund flows lower for the week ending Nov. 21 after an error with Goldman Sachs led the company to report higher flows.

Tax-exempt yields soared as demand for safe-haven assets fell on positive news coming from Europe.

Long-term municipal bond issuance is half of what it was a year ago, with volume down 51% through the end of May versus the same time last year.

Wells Fargo Securities has hired three new public finance investment bankers as the firm seeks to expand its program nationally.