Nearly all of The Bond Buyer’s weekly yield indexes declined this week, as the market firmed up in most of the week’s sessions.
“It was a pretty solid week for munis,” said Evan Rourke, portfolio manager at Eaton Vance. “There’s a lot of reinvestment money still floating around. There’s a little bit of a spread-steepener, but generally the feeling has been pretty good. We’re writing a lot of smaller-size tickets, indicating that individual investors are in there buying bonds.