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"June started out fairly strong for the municipal market as the relative cheapness attracted investors looking for an opening to start buying bonds at higher yields," said Roberto Roffo, managing director and portfolio manager at SWBC Investment Company.
Last week, munis underperformed the Treasury market "across the curve through Thursday with yields lower just 13bps," according to Birch Creek strategists. However, they said Friday's rally "in the front end helped pull shorter maturity munis ahead."
Webfleet Solutions hopes that by expanding and improving public facilities, the easing of congestion will slow degradation and make them safer for road users.
For the coming week, investors will be greeted with a new-issue calendar estimated at $8.213 billion.
SUNGAI SIPUT: A giant replica of a ketupat in Kampung Bahagia here will be one of the attractions for Visit Perak Year 2024, said state Tourism, Industry, InvestÂment and Corridor Development committee chairman Loh Sze Yee.