Fixed income

The U.S. Treasury Department announced plans to maintain record debt sales.

Treasury Secretary Steven Mnuchin warned that the U.S. government will face a default in “late summer” unless Congress increases the debt ceiling.

Inflation took a step back, according to the Federal Reserve’s favorite indicator, while income edged up in March, ahead of this week’s Federal Open Market Committee meeting, suggesting the Fed will be able to remain patient on rates.

Undersupply and demand for the muni exemption in high tax states are expected to help municipal bonds outperform in the second quarter.

Newly issued Treasury securities held in stripped form increased about $1.155 billion in March to a total of $301.140 billion.

After decades of managing risk for investment clients in volatile markets, Thornburg managing director Chris Ryon is preparing to retire at the end of the year.

Eagle Asset Management PM Manager uses barbell approach to find value for clients when short-term munis are expensive relative to Treasurys.

D.A. Davidson will expand its presence in Oklahoma and Texas with the acquisition of Wells Nelson.

A gauge of U.S. economic health closely watched by the Federal Reserve is flashing warning signs for the second time this year.

Newly issued Treasury securities held in stripped form decreased about $1.197 billion in February.