BAM Mutual

BAM wrapped $253 million across 23 new-issue #municipalbonds issues, including water, sewer, and electric utilities in eight states. The primary market calendar is expected to stay light ahead of this week's elections.

Yields in #muniland rallied this week, with the market attracting investors looking for high-quality assets against the backdrop of new questions about AI investments and turmoil in Europe. Net inflows to municipal mutual funds totaled $1.6B for the second consecutive week.

Issuers sold more than $10B of #municipalbonds this week, taking advantage of stabilizing investor demand despite inflation data that continued to top expectations. BAM guaranteed more than $625M of the total, including sales for @wwsweb, and new student housing @OleMiss

The tax-exempt primary market for #muniland remained active, with more than $16 billion of new-issues sold despite continuing volatility in the global fixed-income markets. BAM guaranteed more than $325 million, including $140 million for the Providence Schools in Rhode Island.

New-issue #muniland activity stabilized after a week of selling pressure, and issuers took advantage of the renewed investor demand to re-launch the primary market, including nearly $350 million of BAM-insured debt. $13B of additional supply is waiting in the wings for next week

BAM insured more than $760 million of new-issue #municipalbonds during a week marked by a sharp selloff in the global fixed-income markets. In BAM's Weekly Update, Chris Flosi and Mike Stanton recap the activity and the outlook for investor demand at the new, higher yields.

With the September FOMC meeting ... and a 25 basis point rate hike ... now in the rearview mirror, what's next for #muniland? BAM's Phil Moos provides the Weekly Update, and focuses on how the new-issue market stayed active and liquid, even as mutual fund outflows surged.

#Muniland issuers priced more than $15B of new-issue bonds this week, even as a rising rate environment put a drag on tax-exempt yields. BAM insured $114M in the primary market, including $70 million for nine Texas issuers to kick off the traditional Fall "MUD Season."

BAM insured $440M of new-issue #muniland bonds this week, part of a $16B calendar that defied the typical late-summer primary market slowdown. Highlights included $200M for student housing at the @USouthFlorida and $105M for the Howard County, Ind., Jail Building Authority.

More than $14B of new issue bonds were placed with investors this week, demonstrating #muniland's stable appetite for tax-exempts even as the broader fixed-income markets were focused on the evolving outlook for inflation and Fed policy. #BuiltByBonds