The Benchmark
On Wednesday, the Federal Reserve informed investors that it will keep interest rates unchanged. Municipal bonds did not seem very interested in the news, and we saw another calm week with low volatility. The main index, iShares National Muni Bond ETF (MUB), increased its price by $0.07 and finished the last session at $112.85 per share. The price of the benchmark has formed a trading range around the current prices, and the psychological level of $113.00 still cannot be tested.
Source: Barchart.com - iShares National Muni Bond ETF
U.S. government debt