The Bond Buyer — According to The Bond Buyer, declining yields and rising prices on the short end of the municipal yield curve are giving municipal investors pause and reason to seek out attractive alternatives outside the tax-exempt market. “We have been backing away from very short munis for most of 2018,” said John Donaldson, Director of Fixed Income. “The combination of a lack of supply and investor demand for exempt income keeps making those shorter maturities progressively more expensive.” Click to read article
