The hunger for paper and search for yield in the municipal market reached their limits this week.

Munis ran out of gas midpoint in the week as investors signaled reduced interest in both the primary and secondary markets and an overall tone of weariness set in. Their Treasury brethren, by comparison, outperformed on the intermediate and long ends of the yield curve with a strong week.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access