Municipal short end strength continues
Positive momentum and supply scarcity are themes for the near future, which should bode well for the market.
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Positive momentum and supply scarcity are themes for the near future, which should bode well for the market.
The selloff in Treasuries and the continued strength of municipals have done their part to richen muni-UST ratios.
Investors will be greeted Monday with an increase in supply with the new-issue calendar estimated at $6.488 billion, led by $1 billion-plus of GOs from Maryland in the competitive market.
The New York Mets enter Memorial Day with the biggest lead of any first-place team in the majors this season.
$1,050,000,000* STATE OF MARYLAND GENERAL OBLIGATION BONDS STATE AND LOCAL FACILITIES LOAN OF 2022, FIRST SERIES consisting of $900,000,000* First Series A Tax-Exempt Bonds (Competitive), $150,000,000* First Series B Taxable Bonds (Competitive)