Eve Lando News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Investors are rushing back to the municipal-bond market after many spurned it over the past two years.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoThe Most Popular Man in Ukraine Has Become a Problem for ZelenskiyApple’s China Slump Deepens Even as Total Sales Grow AgainStock Bull Run Powers Ahead as US Economy Roars: Markets WrapCapital poured back into muni-bond funds for

If you have the cash to invest, municipal bonds are a worthy alternative to CDs or Treasuries – even as they stare down credit-market Armageddon. A week before the powers that be in the nation's capital mercifully managed not to default on Treasury debt, one of my favorite tax-exempt bond managers, Eve Lando, of Thornburg Funds, said to "run, not walk" to municipal bonds. She noted that state and local bonds had moved little in price and yield all spring, despite the prospect that the federal go

Total volume for the month was $18.303 billion in 391 issues versus $31.602 billion in 877 issues a year earlier, according to Refinitiv data.

On the buy side, lower interest rates and an extreme imbalance between supply and demand is supporting the municipal market's positive tone, according to JB Golden, executive director and portfolio manager at Advisors Asset Management.

For the first three quarters, total issuance sits at $308.440 billion, down from $361.932 billion in 2021. Taxables are down 48.0% to $45.724 billion from $87.979 billion.