Munis Outperform Treasuries as Fund Inflows Return; BAM Weekly Update, July 21, 2023
Channel: Build America Mutual (BAM)
Date: 2023-07-21

The strongest week for mutual fund cashflows since January helped support tax-exempt yields, despite volatility in the Treasury market that was sparked after persistently strong data on the jobs market. BAM insured more than $350 million of new issues as the primary market calendar surged ahead of this week’s FOMC interest-rate policy decision.