Wall Street Muni Analysts Say Best of 2019 Is Already Behind Us

johnN

https://www.bloomberg.com/news/articles/2019-06-27/wall-street-muni-analysts-say-best-of-2019-is-already-behind-us


Wall Street Muni Analysts Say Best of 2019 Is Already Behind Us


Market largely seen steadying after best start since 2014
No dramatic shifts seen, with yields seen holding low

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BARC
BARCLAYS PLC
149.80
GBp
-0.20-0.13%
BAC
BANK OF AMERICA
28.99
USD
+0.78+2.75%

An unbroken flow of cash into the municipal-bond market since early January has driven the securities to a 5.1 percent return, the best start to a year since 2014, according to Bloomberg Barclays indexes.

Gary

Seems pretty ANAL to me!!

davidrmoran

https://www.washingtonpost.com/business/2019/06/28/how-healthy-is-us-economy-heres-what-key-indicators-reveal

AndyJ

From my port and watchlists, munis are losing out to roughly comparable (credit/duration) taxables now on a 3-month basis. Not losing $, just stalling a bit from the earlier torrid pace that's made them pricier on a relative basis. But if the big T rate drawdown is becoming a range trade, as it looks like in the short term, that gap might not persist.