Key facts
- Municipal bonds are mostly flat.
- US Treasuries are cheapening.
- Retail investors are distracted by the stock market.
Municipal bonds are trading mostly flat, while US Treasuries are experiencing a cheapening in their value. Pat Luby, head of municipal strategy at CreditSights, noted that a significant portion of retail investors remain preoccupied with the stock market. This suggests that broader equity market movements may be influencing investor attention away from fixed-income assets like municipal bonds and Treasuries.