Municipal Bond Weekly Roundup: March 1


March 01, 2013

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Wall Street had a rough start this week as selling pressures had major equity indexes posting their worst-one day drop in 2013. Markets, however managed to stage a small rebound as Fed Chairman Ben Bernanke signaled in his testimony to the Senate that the central bank would continue its stimulus policies, quelling fears that the Fed would wind down or scale back its bond-buying program earlier than expected.

Meanwhile, Washington's budget talk session today ended in a stalemate; President Obama said that the automatic round of $85 billion in budget cuts would move ahead after no progress was made in talks between the White House and Republicans. As a result, U.S. Treasuries took on their safe haven appeal once again.

Weekly Overview:

Date Total Trades Dollar Volume $1m+ Trades S&P National Muni Bond Fund (MUB) Performance
Monday 02/25/2013 38,056 $4,168,886,975 873 -0.04%
Tuesday 02/26/2013 40,102 $5,383,981,648 1262 0.05%
Wednesday 02/27/2013 43,895 $6,588,036,613 1680 0.18%
Thursday 02/28/2013 42,648 $6,421,106,170 1587 0.07%
Friday 03/01/2013 36,159 $5,206,321,779 1222 -0.04%

The municipal bond market ended the month with a relatively active week, although the month of February saw significantly less volume as compared to a year prior. Trading volumes did, however, peak on Wednesday. The iShares S&P National Municipal Bond Fund (MUB), which seeks to measure the performance of the investment grade segment of the U.S. muni bond market, continued to trade in a narrow range throughout the week [see more Market Activity].

Most Active Issues This Week

Highest Yielding Issues This Week

Million Dollar Club

These municipal bonds boasted the largest dollar trade amounts this week, all of which topped $5,000,000.

3 Articles Municipal Bond Investors Must Read

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