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Taxable bonds and COVID-19 are two of the main catalysts that helped February municipal bond volume ascend to its highest level since at least 1986.
February 28 -
Municipal market technicals were already driving performance and so the strong quality bid has deepened the rally across the curve as the asset class really didn’t need to grab the U.S. Treasuries coattails all that tightly.
February 27 -
Municipal bond yields were unchanged at record low levels, according to late reads.
February 26 -
As COVID-19 fears run rampant, investors continued to sell off equities, resulting in muni yields again following Treasury yields down to all-time lows.
February 25 -
Municipal bonds yields continued their descent and once again rewrote the record books, as the flight to safety on fears of COVID-19 that took place Friday picked up right where it left off.
February 24 -
The market got technically stronger and the new-issue calendar builds.
February 20 -
New deals started to flow in and take advantage of historic lows of muni yields and rates.
February 19 -
Issuance is set to seesaw, as new-issue volume was the heaviest of the year last week, at almost 40% larger than 2019 weekly average. And this is expected to be one of the lowest-volume weeks of the year to date.
February 18 -
Lack of supply continues while professional money keeps market liquid.
February 14 -
The municipal market started off the week like gangbusters, but was ending very quietly on Thursday as the holiday-shortened week approaches.
February 13