Municipal Market Insights

By: James Schwartz, CFA , Peter Hayes, &  Sean Carney

Munis remained tethered to rates in September

• Rising interest rates drove negative total returns.
• Supply and demand dynamics turned less seasonally favorable and acted as a headwind.
• More attractive valuations could provide near-term opportunity.

Municipal and Treasury yield movements

View Commentary

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Originally Posted on October 13, 2021 – Municipal Market Insight

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