Municipal Bond Market Insight - Shift at Hand

What were the key takeaways from last month’s numbers? Our muni specialists look back at the market’s performance and provide incisive commentary to help you make sense of what drove the market—and what may be on the horizon for muni investors.

Key takeaways from the latest edition:

Municipal bonds strengthened their year-to-date (YTD) leadership position over Treasurys and corporate bonds in May.

June brings a seasonal shift to the tax-exempt marketplace that should be price-supportive.

 Intermediate and long muni yields remain historically compelling despite the mild May rally.

The slope of the muni yield curve beyond 10 years remains twice as steep as Treasurys, potentially rewarding investors for extending duration where appropriate.