US$400m of Long-dated Mass GO Bonds Hit Radar
Issuance in the primary U.S. municipal debt market has generally resided at low levels, while increased interest from mutual funds and insurance companies has helped the asset class to outperform.
Demand for municipal bonds appears to have recently exceeded the pace of new supply, amid consistently positive fund flows.
For the week ended April 24, Thomson Reuters/Lipper U.S. Fund Flows reported a net inflow of roughly US$1.28bn into municipal bond funds – not including ETFs such as the iShares National Muni Bond fund (NYSEARCA: MUB) and the