FMNY - Q1 2024 Total Return Municipal - Munis Enjoy A Strong First Quarter

2024-03-28 13:00:00 ET

Summary

• The tax-free municipal bond market continued to put on a heck of a show during the first quarter of 2024.
• Muni/treasury yield ratios have remained low across the yield curve.
• The higher yields in Munis that carried over from last year have produced larger demand in the separately managed account area.

By John R. Mousseau, CFA

The tax-free municipal bond market continued to put on a heck of a show during the first quarter of 2024. Where US Treasury yields have risen since the end of the year, Muni bond yields have moved little and yield ratios are similar to year-end....

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