The Bond Buyer’s weekly yield indexes were mixed this week, as the municipal market meandered in both directions at times, leaving the market at roughly the same levels from a week ago.
“I think we’re drifting,” said George Strickland, managing director and portfolio manager at Thornburg Investment Management. “I don’t know we got better or worse. It looks like some of the new deals that priced this week are trading at up levels this week, but that’s sort of to be expected, I think. So I think we sort of drifted around the mean.”