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The long end of the municipal curve rallied under a backdrop of stronger-than-expected October jobs data and upward revesions to the prior two months ahead of the arrival of $9.6 billion next week.
November 5 -
Municipals outperformed the move in taxables Friday but weakness hangs over the market as fund flows lessen and supply increases. Taxable munis may be keeping exempt rates from moving higher.
October 8 -
ICI reported $704 million of inflows, a $1.1 billion drop from the week prior, bringing the total to $76 billion year to date.
October 6 -
In both states, jobs have recovered past where they were prior to last March when the pandemic hit the U.S.
September 13 -
Better-than-expected job gains, a rising UST complex and an increase in supply to test municipals' resolve.
August 6 -
With all eyes on Friday’s employment report, since several additional strong months of gains are needed for the Federal Reserve to be comfortable announcing a tapering of its asset purchases, Wednesday’s news could signal trouble.
August 4 -
Florida’s unemployment rate rose 0.1% to 5.0% in June while gaining more than 69,300 jobs, as active job seekers look to rejoin the workforce.
July 16 -
With better-than-expected payrolls, economists still caution full recovery is a ways away. Muni participants are closely following how the Fed's action — or inaction — will affect the municipal market going forward.
July 2 -
Economists are bracing for another volatile monthly jobs report and some forecasters are tweaking their models ahead of Friday's data.
June 3 -
It could take the nation, heavily influenced by New York and California, 18 months to return to full employment, Fitch Ratings said.
May 26