'Excruciatingly slow' market limits managers' cash flow

Albano, Christine
April 1999
Bond Buyer;04/27/99, Vol. 328 Issue 30628, p8
Trade Publication
Reveals why portfolio managers have been reluctant to invest in the United States municipal bond market in the first quarter of 1999. Interest rate spreads and yield curve; Florida Department of Natural Resources' bonds due in 2004; Competition posed by the stock market.


Related Articles

  • Structure vs. Credit Quality: For Some, the Answer Is a Compromise.  // Bond Buyer;04/19/99, Vol. 328 Issue 30622, p7 

    Presents different views on which between structural elements and credit quality is more important when selecting a municipal bond portfolio. Incorporation of duration management or yield gathering; Matching of the funds' durations with interest rate outlook; Keys to balancing structure and...

  • Emphasis on income amid low rates fuels short-term managers' success. Karchmer, Jennifer // Bond Buyer;05/12/99, Vol. 328 Issue 30639, p6 

    Focuses on portfolio management trends that affect municipal bond market performance in the United States in 1999. Emphasis on income-oriented bonds; Viability of bond investments by the year 2001 due to money market eligibility of bond investments.

  • Portfolio managers ride yield from advance-refunded New York credits. Polyak, Ilana // Bond Buyer;08/26/98, Vol. 325 Issue 30465, p8 

    Looks at the performance of municipal bonds in New York City and State as of July 21, 1998. Portfolio managers' holding on to yield-producing paper; Approach by USAA Investment Management; Large number of advance refundings that have resulted from New York City and New York State's solid...

  • Virginia debt is fine, but just try finding the right sort. Polyak, Ilana // Bond Buyer;09/22/98, Vol. 325 Issue 30483, p6 

    Discusses portfolio managers' assessment of the State of Virginia's municipal fund performance in 1998. Impact of the state's diversified economy and tough fiscal management on the municipal market; Portfolio manager Robert Pariseau's focus on single-A rated hospital revenue bonds for rural...

  • Manager's new housing moves give his fund a boost. Karchmer, Jennifer // Bond Buyer;01/20/99, Vol. 327 Issue 30561, p7 

    Profiles managers of top performing intermediate municipal bond funds. Factors attributed to the managers' success; Portfolio manager of the One Group Municipal Income Intermediate Fund, Patrick Morrissey's investment in multifamily housing bonds; manager of the Tax-Exempt Intermediate Fund of...

  • Go Lower for Yield? Depends How You View the Spreads. Albano, Christine // Bond Buyer;02/23/99, Vol. 327 Issue 30584, p6 

    Describes the investment strategies used by portfolio managers to compensate for the relatively low absolute yields on municipal bonds. Lack of supply across the board due to fierce competition for both high-yield and high-grade paper; Purchase of more lower-rated bonds; Moderate widening of...

  • Scant new issues draw some buyers to hospital sector. Albano, Christine // Bond Buyer;04/20/99, Vol. 328 Issue 30623, p11 

    Focuses on the scarcity of new issues in the municipal bond market in the United States, as of April 1999. Impact on the portfolio managers' buying power; Information on the bonds issued by the Colorado Health Facilities Authority and Montgomery County in Maryland.

  • Baird Expansion Continues with Two New Muni Funds. Albano, Christine // Bond Buyer;9/3/2015, Vol. 1 Issue 34372, p1 

    The pair of new funds will invest in municipal bonds -- principally in high quality obligations -- that offer federal tax exemption.ü

  • As I see it. Dodgson // Grand Rapids Business Journal;01/24/2000, Vol. 18 Issue 4, p37 

    Focuses on tax-free municipal bonds in Michigan. Municipal bond yields in June 1997; Ideal investment percentage for municipal bonds; Advantage of investing in municipal bonds.


Read the Article


Sign out of this library

Other Topics