This report analyzes the municipal bond market, with a focus on housing revenue bonds as a compelling opportunity for tax-exempt income. It also provides an outlook on the week's economic data and new issuance calendars.
Key Takeaways
- 1.Municipal new issue calendar for the week is estimated at $11.5 billion.
- 2.Housing bonds offer high credit quality and attractive tax-exempt income, with recent issuance reaching record levels.
- 3.Treasury yields rose last week, pushing Fed Funds futures to price in a rate hike before year-end.
Table of Contents
- THE WEEK AHEAD
- MONDAY'S COMMENTARY
- THE NUMBERS THIS WEEK
- IS THERE A HOME FOR HOUSING BONDS IN YOUR PORTFOLIO?
- ILLUSTRATIVE PORTFOLIOS
- NAVIGATING TODAY'S MARKET
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Authors
Gina FayDrew O'Neil
Securities
North Carolina Housing Finance Agency Bonds
Themes
Interest Rate VolatilityTax-Exempt Yield EnhancementHousing Market Affordability
Regions
OtherUnited States