Economic indicators
Paltry new-issue calendar awaits amid FOMC, unsettled markets
If Treasury rates become “more stabilized,” it provides “a good reason to be somewhat constructive on munis for a while,” BofA Global Research said in a report.
Read MoreBetter-than-expected jobs numbers send muni, UST yields higher again
“Despite the breathtaking selloff in longer rates, Barclays’ macro strategists see no clear catalyst to stem the bleeding,” Barclays strategists said. “Data are unlikely to weaken quickly or enough to help bonds.”
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