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Investors pulled more from municipal bond mutual funds last week, with Refinitiv Lipper reporting $4.106 billion of outflows, bring the total to $22.3 billion of outflows year-to-date.
With massive secondary selling pressure and a larger calendar, credit spreads are likely to continue to widen.
Bond investors are understandably cautious in response to recent market volatility and ahead of what is expected to be a Fed rate hike Wednesday, participants say.
The new requirement is meant to deepen students’ understanding of the "experiences, cultures, histories and knowledge of Indigenous Peoples."
As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.