Most of The Bond Buyer’s weekly yield indexes declined this week as municipals mainly showed gains in the sessions following the three-day holiday weekend.
“It’s been a pretty good week in muniland,” said Evan Rourke, portfolio manager at Eaton Vance. “Munis have rallied. The market has had a nice tone to it. You’ve had some July 1 money being put to work, you haven’t had that large of a calendar, and you’ve had a rally in the Treasury market, which has helped boost munis.