The Bond Buyer's weekly yield indexes were narrowly mixed this week, as fears of a supply-driven sell-off were washed away by two days of gains, spurred by refunding postponements and rallying Treasuries.
"It's been a real interesting week," according to Evan Rourke, a portfolio manager at Eaton Vance. "In the beginning, everyone was concerned about supply. Then suddenly, there was a nice rally in Treasuries. Our relative value has proven attractive to crossover buyers, as we're over 100% of Treasury yields all along the curve at this point."