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Cash-Flooded Muni Market Beats Treasuries by Most Since 2009

johnNjohnN
in Other Investing
Cash-Flooded Muni Market Beats Treasuries by Most Since 2009
By Amanda Albright
March 30, 2021, 12:43 PM CDT
State, local bonds are set to post a small quarterly loss
Buyers swooping in for tax-free income, low risk profile

https://www.bloomberg.com/news/articles/2021-03-30/cash-flooded-muni-market-beats-treasuries-by-most-since-2009

***State and local debt is poised to outperform U.S. Treasuries by the most in any quarter since 2009, according to Bloomberg Barclays indexes. While municipals have been pressured by the selloff in Treasuries -- they’re on pace for a 0.3% quarterly loss -- the flood of cash coming in has helped the market avoid a major slump. Treasuries, in comparison, are down 4.2%.***



We did buy many munis bonds previously
Think it was the right move
Whether trend /green returns will continue...only time will tell
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