Municipal bonds rallied strongly with yields falling 15-20 bps, outperforming Treasuries. Raymond James highlights how customized muni portfolios can provide high-net-worth retirees with dependable, tax-free income streams.
Key Takeaways
- 1.Municipal yields rallied sharply, declining 15 to 20 basis points across the curve, outperforming Treasuries.
- 2.A significant $15 billion in new issuance is expected, which will provide reinvestment options for June redemptions.
- 3.The 10-20 year range of the curve offers the best opportunity, with taxable equivalent yields significantly higher than Treasuries.
Table of Contents
- THE WEEK AHEAD
- MONDAY'S COMMENTARY
- THE NUMBERS THIS WEEK
- A Different Dependable Paycheck
- ILLUSTRATIVE PORTFOLIOS – June 1, 2026
- National Municipal Bond Illustrative Portfolios
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Authors
Noreen McClureDrew O'Neil
Securities
BVAL Municipal AAA Yield CurveUniversity of CaliforniaState of OregonNYC Convention Center
Themes
Income Replacement for RetireesTax-Equivalent Yield AdvantageReinvestment Risk Management
Regions
North AmericaUnited States