Municipal bonds have experienced firmness in the market recently, with U.S. Treasury yields seeing a slight decrease and equities displaying a mixed performance. The rally in USTs has been fueled by softer economic data, leading to a drop in yields over the past week. Barclays strategists, Mikhail Foux and Clare Pickering, highlighted a shift in
Bonds
The municipal bond market experienced a boost on Thursday as a result of a stronger U.S. Treasury session. This led to increased firmness in municipals, with Triple-A yields falling one to five basis points. The session also saw equities closing mixed, further emphasizing the positive performance of the municipal sector. Investor Inflows and Ratios Municipal
As we approach the Federal Open Market Committee meeting and Consumer Price Index report, the municipal market remains relatively stable. Despite some fluctuations in U.S. Treasury yields and mixed performance in equities, experts like Vikram Rai from Wells Fargo are noting a downward adjustment in market expectations for Fed cuts since the beginning of the
The municipal bond market showed little movement on Monday, contrasting with slight losses in the Treasury market and a positive performance in equities. This relative stability comes amidst a smaller calendar of new issuances and economic uncertainty as the Federal Open Market Committee (FOMC) meeting looms. The muni-to-Treasury ratios held steady, with the 30-year ratio