Lynne Funk

Municipal bonds were little changed to a touch weaker in spots as investors shifted their focus to the larger new-issue slate ahead while U.S.

Supply falls ahead of the final Federal Open Market Committee meeting of 2024 and the holidays but issuance still breaks records. The lighter calendar should provide support for the secondary market in the final weeks of the year.

Municipals saw a stronger tone after U.S. Treasuries improved on a slightly lower-than-expected inflation print while equities made gains to close out a volatile week.

Municipals ignored losses in U.S. Treasuries Friday ahead of another week without new-issue supply to provide direction. Equities saw losses.

Municipals had a stronger tone Tuesday as investors closed their books ahead of the New Year holiday while U.S. Treasuries were mixed and equities saw losses for the final session of 2024.

Municipals kicked off 2025 with a stronger tone Thursday as investors began to employ January reinvestment dollars while U.S.

Kim Olsan, senior fixed-income portfolio manager at NewSquare Capital, discusses the municipal market's performance, the impact of rising yields and inflation, and the evolving role of ETFs and separately managed accounts as the market braces for record supply in 2025.

Municipals could not ignore the sharp selloff in U.S. Treasuries Friday following the hotter-than-expected jobs report as both markets saw losses across the curve.