As shown in the chart below, the difference between yields for the Bloomberg Municipal Bond Index and the Bloomberg High Yield Municipal Bond Index is close to the lowest level in a decade. In other words, the extra yield that high-yield muni investors are receiving for taking on the extra...
Upside risk for US 2Y Yield. A small double bottom targets 5.05-5.10% in June. In the weekly chart, we still cannot rule out a retest of cycle highs +/- 5.25%. US 10Y Yield: Base case is to be long for this summer/fall. We prefer to nibble at 4.6%, buy 4.75%, and “load t...
Sinnock, Bonnie
As examples, 30-year government bonds have historically offered investors a higher yield than 10-year notes, and 10-year notes generally provide a higher yield than 2-year notes. However, there are times when the yield on a shorter-term bond is higher than a longer-term bond. This is kno...
Tight Spreads Between Munis, Treasuries Hamper Refundings.Molis, Jim
Kralev, The Bond Buyer Wire Nicholas