Fixed income

Investors, still high on the muni market, continue to allocate money to municipal bond mutual funds, to the tune of $545 million.

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.

Bond investors holding significant amounts of U.S. treasuries and other high-quality credit should consider diversifying to less interest-rate-sensitive securities.

Charles Schwab announced Monday that it has joined with Piper Jaffray to provide clients access to Piper Jaffray's new issue municipal bonds through Schwab's BondSource Platform.

Trading in the $3.7 trillion municipal securities market continued to decrease in the third quarter of 2012, according to market statistics released Nov. 20 by the Municipal Securities Rulemaking Board.

Three muni market groups have joined forces with the Council of Development Finance Agencies and sent Congress draft legislation that would create special Hurricane Sandy Recovery Bonds to help businesses and people in the Mid-Atlantic region still reeling from storm-related destruction.

Another strong week of inflows for municipal bond mutual funds indicated sustained heightened demand for munis. Funds that report their flows weekly recorded inflows of $706 million for the week ended Nov. 14.

Investors added $27.7 billion to long-term open-end funds in October, according to data from Morningstar. Taxable-bond funds led the way with inflows of $29.6 billion, while U.S.-stock funds saw outflows of $8.3 billion.

Municipals marked a day of rest following a torrid week of buying and record-setting yields as the bond markets closed for Veterans Day. Industry watchers said they were optimistic about investor demand and the overall state of the market.

Municipal bond mutual funds saw heavy inflows, rebounding with authority from their first week of outflows in more than six months.

Municipal bond mutual funds saw heavy inflows, rebounding with authority from their first week of outflows in more than six months.

Total estimated outflows from long-term mutual funds were $488 million for the week ended Wednesday, October 31, according to data from the Investment Company Institute.

The fate of the municipal tax exemption is a major concern as the election approaches.

After 28 straight weeks of inflows to muni bond funds, the market saw outflow for the week ended Oct. 31. Funds that report their flows weekly recorded outflows of $123 million for the week ended Oct. 31, Lipper FMI numbers show.

Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said there is no evidence that investment is being spurred by the Federal Reserve’s quantitative easing program.

Moody's Investors Service, Standard & Poor's and Fitch Ratings directors say Hurricane Sandy could create a downward impact on a few of the most severely impacted credits

Securities and Exchange Commission officials downplayed the potential for the so-called budget "sequestration" Thursday, but said dealers selling Build America Bonds should inform investors of any potentially risky call provisions.

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Municipal bond mutual funds saw inflows for the 27th consecutive week. Funds that report their flows weekly recorded inflows of $621 million for the week ended Oct. 17.

Natixis Global Asset Management, S.A. today acquired fixed-income asset manager McDonnell Investment Management, LLC.