Recurring series

Municipal Bond Investor Weekly

Finvaulta tracks 8 editions of Municipal Bond Investor Weekly from Raymond James, published between May 11, 2026 and August 17, 2026. Each edition is summarized on its own page.

Latest edition · August 17, 2026

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A steepened municipal yield curve and elevated absolute yields are creating compelling tax-exempt income opportunities, particularly in long maturities where AAA yields exceed 4% (taxable-equivalent yields >7%). Weekly municipal new issuance is anticipated to exceed $14 billion, led by large airport and municipal finance authority deals.

Raymond James highlights that recent economic data and geopolitical events have driven municipal yields 12 to 40 bps higher since July, steepening the 1-to-30-year curve slope to 198 bps (versus a 10-year average of 135 bps). With 10-, 20-, and 30-year AAA yields at 3.18%, 3.97%, and 4.39% respectively, taxable-equivalent yields for investors in the 40.8% federal bracket range between 5.37% and 7.42%. Raymond James recommends high-bracket investors evaluate extending duration into longer maturities to secure attractive, high-quality tax-free cash flows.

Read the latest edition in full

Key takeaways from the latest edition

1.The municipal yield curve has steepened significantly, with the 1-to-30-year spread reaching 198 bps (compared to a 10-year average of 135 bps), creating attractive compensation for investors extending into longer maturities.
2.Long-term AAA municipal yields exceed 4%, resulting in taxable-equivalent yields (TEY) between 6.70% and 7.42% for investors in the highest federal tax bracket (40.8%).
3.Treasury curve steepened ~9 bps last week as market expectations for a September Fed rate hike fell to ~32% from ~64% two weeks prior.

What this series covers

Steep Municipal Curve Buoys Tax-Exempt Income Opportunities
Yield Curve Comparison
MARKET UPDATE
Illustrative Portfolios (Par Value of $1 Million)
STEEP MUNICIPAL CURVE BUOYS TAX-EXEMPT INCOME OPPORTUNITIES
HISTORICAL YIELDS
NEW ISSUE CALENDAR

Edition archive

Series at a glance

Editions tracked: 8
First edition: May 11, 2026
Latest edition: August 17, 2026

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