The increases on the very short end of the curve led shorter maturity muni rates to underperform and, remarkably, the very front end of the curve in municipals inverted, with one -
year maturity muni averages lower than the SIFMA Index.
Not exact matches
National
muni bond categories are: B - MNST - Short - Term National Muni Bond: Invest in muni bonds with average maturity of less than three ye
muni bond categories are: B - MNST - Short - Term National
Muni Bond: Invest in muni bonds with average maturity of less than three ye
Muni Bond: Invest in
muni bonds with average maturity of less than three ye
muni bonds with average
maturity of less than three
years.
B - MNIT - Intermediate - Term National
Muni Bond: Invest in muni bonds with average maturity of three to 10 ye
Muni Bond: Invest in
muni bonds with average maturity of three to 10 ye
muni bonds with average
maturity of three to 10
years.
In anticipation of the tax bill's passage and of municipalities losing their ability to refund bonds prior to
maturity, there was a surge in supply of
muni bonds in November and December, with new supply increasing 29.3 % and 207 %, respectively, over prior -
year levels.
Demand for
munis continues to outpace supply and the result is the
muni market is reflecting strength from the five
year maturity range on out.
Many
munis are issued with 20 - or 30 -
year maturities.