Munis weaker across the curve; UST sell-off on short end following CPI data
Muni and UST yields surged Tuesday on expectations the Fed will have to aggressively raise interest rates to bring down inflation.
Source: bondbuyer.com
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Muni and UST yields surged Tuesday on expectations the Fed will have to aggressively raise interest rates to bring down inflation.
Fed Chair Jerome Powell's message on rates last week combined with seasonal factors to give the market a "weird" vibe this week, one trader said.
Positive momentum and supply scarcity are themes for the near future, which should bode well for the market.