Munis Rally Ahead of Unemployment Data - BAM Weekly Update, 8/5/22
Channel: Build America Mutual (BAM)
Date: 2022-08-05

Demand for tax-exempt bonds outpaced supply again this week, driving muni-to-Treasury yield ratios lower ... at least until the August employment report showed stronger-than-expected job growth sparked a broad selloff in fixed-income. BAM insured nearly $150 million of new issues, and has a large taxable sale on tap for next week.

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