Municipals improved for the fifth session in a row with 10- and 30-year triple-A yields falling 30 basis points since Thursday. Connecticut priced $1 billion-plus of GOs and saw yields lowered in a repricing.
Given the volatility of risk assets is likely to remain high, and the focus on the flight to safety increases, all fixed-income assets could benefit as a result, including municipals, Barclays strategists say.
The Allentown Neighborhood Improvement Zone Development Authority said Wednesday that businesses generated $94.5 million in state and local tax revenue in 2021, a rise of more than 20% from 2020.