Munis slightly firmer, underperform USTs

Late-month volumes are “waning as it appears the year’s tax-loss harvesting was accomplished leading up to the holiday period,” said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

Read More

Another strong session for munis; FOMC minutes signal caution

The large drop in yields since the end of October can be reflected in sentiment that investors expect a potentially dovish Fed next year, and that a soft landing narrative gives them “permission to finally purchase the bonds they’ve been admiring,” said MMA’s Matt Fabian.

Read More

Munis sell off after Fed indicates rates will be higher for longer

The general bias toward muni rates is that they would be a bit higher with technicals “being a little less supportive than they were in August, plus what we heard with from the Fed ‘higher for longer,’ and potentially another hike,” said Jeff MacDonald, head of Fixed Income Strategies at Fiduciary Trust International.

Read More

Munis sell off, outflows near $1B

Municipal bond mutual fund saw outflows return with Refinitiv Lipper reporting investors pulling $989.852 billion from funds for the week ending Wednesday, led by ETFs and long-end funds.

Read More