Muni Yields Plateau, Outperform Treasuries: BAM Weekly Update, 3/5/2021
Channel: Build America Mutual (BAM)
Date: 2021-03-05

Municipals outperformed Treasuries after two weeks of losses, finding solid relative-value levels despite the headwind from cash outflows from mutual funds. BAM insured nearly $375 million of new issues, led by $109 million for the City of Orange, California's pension obligation bond sale.

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