FYI: It has become a tale of two bond markets—Treasurys and municipal bonds.
Much has been made of the flattening Treasury yield curve and what that portends, including a possible recession.
But the muni bond market’s yield curve has been steepening—meaning that yields on longer-term bonds are rising relative to yields on shorter-term bonds. That’s potentially creating attractive value for longer-dated securities.
Regards,
Ted
https://www.barrons.com/articles/longer-muni-bonds-offer-tempting-yields-1536176565?mod=hp_highlight_3
