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A Quiet Start for Munis as Investors Await Supply.
- Source :
- Bond Buyer; 1/3/2024, Vol. 396 Issue 36035, p2-2, 2/3p
- Publication Year :
- 2024
-
Abstract
- The first trading session of 2024 saw municipal bonds lightly traded and little changed, while U.S. Treasuries were weaker and equities lost ground. Municipal-to-Treasury ratios decreased, with the two-year ratio at 56% and the 30-year ratio at 84%. The municipal market experienced a rebound in 2023, with a broad market index gaining 2.3% in December and finishing the year up 6.4%. High-yield munis returned 9.2% in 2023, and total municipal supply for the year was $379.992 billion. The outlook for 2024 includes higher muni yields, increased supply, and opportunities for investors. [Extracted from the article]
- Subjects :
- INVESTORS
MUNICIPAL bonds
MUTUAL funds
INTEREST rates
BOND market
CORPORATE bonds
Subjects
Details
- Language :
- English
- ISSN :
- 07320469
- Volume :
- 396
- Issue :
- 36035
- Database :
- Complementary Index
- Journal :
- Bond Buyer
- Publication Type :
- Periodical
- Accession number :
- 174573374