Weekly Market Commentary

May 26, 2015

Bond markets closed early on Friday in advance of the Memorial Day holiday, and investors had a long weekend to ponder another in a long series of contradictory policy statements by Federal Reserve officials.

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May 19, 2015

This week, HJ Sims is in the market with two non-rated deals: $40.2 million of health care facilities revenue refunding bonds for the Kendal at Granville community and $11.6 million of non-rated charter school senior revenue bonds for Vertex III, LLC projects in North Carolina.

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May 12, 2015

Municipal bonds were slightly deflated during the first trading week in May, and traders placed much of the blame on the quarterbacks at the Fed, where they cannot seem to stop tinkering with their own economic pressure gauges.

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May 05, 2015

For the first time in eight years, April ended on a down note for municipal bonds. The market typically sees a spike in post-Tax Day demand, but this year returns were dampened by more Fed rate hike chatter, another series of unappealing economic data, and heavy supply.

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April 28, 2015

Along with Kenyon College, the Universities of Indiana, New Hampshire and Utah are in the tax-exempt market this week. We have seen an increase in new borrowings and refundings by institutions of higher learning in 2015, ahead of the graduation in rates expected later this year or next.

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April 21, 2015

High yield municipal bond mutual funds took in $118 million during the week ended April 15, but muni funds as a whole had net deductions of $414 million in the run up to Tax Day.

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