Nearly all The Bond Buyer's weekly yield indexes increased this week amid "very sloppy" conditions in the municipal market.
"We're still trying deal with liquidity issues and some degree of forced selling," said Evan Rourke, portfolio manager at MD Sass. "We did have some hopeful signs during the week. The new-issue market re-opened, the individual investors continue to be actively involved, short-term rates have dropped, so that should encourage people to migrate further out the curve. But in general, it's just a very sloppy market at the moment."