The Bond Buyer’s weekly yield indexes declined this week, as the municipal market grew slightly firmer in each of the week’s sessions.
“Munis are feeling pretty good. We’ve been firming up this week, and today, we’re at least unchanged, if not better by one or two basis points,” said Evan Rourke, portfolio manager at Eaton Vance. “There’s not a tremendous calendar the next 30 days. It’s slow in December, and then it’s slow in January as well, so bonds are a little scarce, and it’s a little grabby. There’s not a lot of supply.”