Large redemptions, smaller supply to begin June
June redemptions will be the highest of the year at $50.6 billion. New-issue supply — 30-day visible is currently at $15.5 billion — is unlikely to keep up.
Source: bondbuyer.com
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Munis see 'remarkable' turnaround, but caution is warranted
The rapid swing to lower yields over the past week has led to a sunnier outlook for the summer reinvestment season, but uncertainties on the economic front, rate volatility, and supply questions hang overhead.
Source: bondbuyer.com
Munis on a tear, yields plummet 45 bps in a week
Investors will be greeted Tuesday with a decrease in supply with the new-issue calendar estimated at $2.691 billion in $1.786 billion of negotiated deals and $904.9 million of competitive loans.
Source: bondbuyer.com