Lynne Funk Posner
The Bond Buyer
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Past articles by Lynne:
Dave Andersen
Colleagues and competitors alike note his underwriting experience is unparalleled in the industry. → Read More
How the buy-side has sparked major muni ESG growth
Muni asset managers are seeking more data from issuers on ESG, yet no agreed-upon set of standards exists, complicating the industry’s relationship with the growing sector. → Read More
May gives investors first month of positive returns in 2022
Municipals posted gains for the first time in 2022 in May, outperforming U.S. Treasuries on the month. The Bloomberg Muni Index posted a 1.49% return in May bringing losses down to 7.47% year to date. → Read More
Selling pressure hits munis hard, long USTs reach three-year highs
Triple-A yields continue to rise, with the two-year muni just below 2%, the five well above and the 10-year approaching 2.5%. → Read More
Markets see rate hikes coming sooner with still-raging inflation
Municipals are sitting out the up-and-downs in equities and UST, with $12 million scheduled for the primary in the final week of 2021. → Read More
Mutual fund inflows climb, high-yield in the black again
Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels. → Read More
High-yield sector seeing some pushback
The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation. → Read More
A softer tone emerges out long, some concessions had on new deals
Tuesday’s data may not be indicative of where the economy is going and will likely be written off by the Federal Open Market Committee at its meeting, analysts say. → Read More
New deals easily absorbed while inflows ebb
The Investment Company Institute reported another week of inflows, but at a lower clip than recent weeks with $541 million coming into municipal bond mutual funds. → Read More
Munis steady; issuance will drop in holiday-shortened week
Both personal income and expenditures dropped in February, while personal consumption expenditures also came in weaker than expected, meaning inflation remains in check for now. → Read More
California leads muni calendar with $1.8B
It was a quiet and uneventful Friday as the municipal market viewed the higher-than-expected growth in the jobs report as an indicator of economic recovery ahead and it prepared for the coming of more than $9 billion of tax-exempt and taxable supply combined next week. → Read More
SIFMA looks to 2021 industry opportunities
From ESG to infrastructure, regulation to legislation, SIFMA's President and CEO Ken Bentsen and Managing Director and Associate General Counsel Leslie Norwood discuss what SIFMA members are prioritizing on Wall Street and in Washington when it comes to munis. Lynne Funk and Kyle Glazier host. (34 minutes) → Read More
How Artificial Intelligence can fill data gaps
Lumesis' president, COO and co-founder Tim Stevens talks about how AI complements the company’s pricing and scales software to predict the shape of a deal-specific municipal yield curve based on the structural and credit-characteristics and to use that predicted shape to fill-in portions of a yield curve that cannot be built from traditional means. Lynne Funk hosts. (35 minutes). → Read More
IHS Markit launches new-issue bond upload tool
The Muni New Issue Upload Form was created to expand access to additional deal participants and streamline the submission process for the forward calendar. → Read More
Federal lawmakers step in with stop-gap stimulus
Washington Bureau Chief Kyle Glazier discusses what is in store for munis in 2021, how the SEC and MSRB will function under a Biden administration and what Janet Yellen in the Treasury seat might mean. (12 minutes) → Read More
Suzanne Mayes, Fiona Ma are 2020's Freda Johnson award winners
Northeast Women in Public Finance also name 12 Trailblazing Women in Public Finance. → Read More
As ESG interest grows, Moody's retires green bond assessments, transitions to affiliates for designations
Ratings agencies, banks and asset managers are formulating strategies to address ESG as investors clamor for information. → Read More
Munis start Q4 with some stability; Refinitiv Lipper reports outflows while NYC, NYS get downgraded
Moody's cut NYC's $39 billion of outstanding GOs to Aa2 citing the effects of COVID-19 and also lowered the debt rating of New York State. → Read More
Trading a dislocated market
Kim Olsan, senior vice president at FHN Financial talks with The Bond Buyer's Lynne Funk about trading the municipal market in the COVID era. Olsan trades the short- and intermediate but she has some thoughts about high-yield and taxables as well. (36 minutes) → Read More
Charter schools funding exists and matters during coronavirus
Investing in 'social' bonds is becoming more commonplace in municipals. Anand Kesavan, CEO of Equitable Facilities Fund, talks about its drive to help charter schools' funding, and its social, racial and equitable diversity of investments. Lynne Funk, Bond Buyer Innovation Editor hosts. (24:13 minutes) → Read More