Weaker still, but slight outperformance to another swing in UST
Inflation remains under market scrutiny, with Monday’s data suggesting consumers expect price pressures to cool later this year.
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Inflation remains under market scrutiny, with Monday’s data suggesting consumers expect price pressures to cool later this year.
The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.
Washington will bring $742 million of general obligation bonds in competitive sales Tuesday, providing guidance for triple-A benchmark yields.
Municipals were stronger again on the day, though, and new-issues were repriced to lower yields.
Buyers appeared to return to the market the past two sessions after the January correction moved yields and ratios higher. Secondary trading was up again on Wednesday and new deals were well-received.