Macro Finance
Munis Are Near Cheapest Levels in a Year
Bloomberg Markets·September 17, 2026·1 min read
US state and local government bonds are near their cheapest levels relative to Treasuries in a year, according to Bloomberg. Heavy issuance and fading demand collide with a broader fixed-income selloff, pressuring muni prices. The move follows a wider market trend as investors reassess risk amid changing rate expectations.
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