News that producer prices in the U.S. decreased for the first time in four months could signal a cooling in inflation, with companies no longer having cause to pass costs along to consumers.
moreThe 30-year municipal bond yield has fallen to a record low, and cash continues to pour into tax-free funds and the limited number of new issues in the market.
moreThe Treasury market continued to grind higher by anywhere from 2-4 basis points at a time, closing for the week at yields of 1.93% for the 10-year note and 3.11% for the 30-year bond.
moreThe tax-exempt bond sector continues to enjoy the lift offered by Treasuries. There is a positive tone overall in the muni market, and new issues are being increased in size to meet demand and then marked up to meet secondary market bids.
moreIn the week leading up to Tax Day, the tax-exempt bond sector has benefitted as well. Lately, munis have generally been tracking the Treasury market.
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