Munis take a breath, ICI reports $4.3 billion outflows
Municipal yields were little changed Wednesday and the primary saw some action while U.S. Treasuries were slightly better on the day and equities were in the black ahead of Thursday’s CPI numbers.
Triple-A benchmark yields were little changed while UST yields were slightly better outside of two years. The municipal to UST ratio five-year was at 66%, 76% in 10 and 86% in 30, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five at 65%, the 10 at 79% and the 30 at 85% at a 4 p.m. read.
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