Yields in the municipal market declined slightly Monday as new-issue market showed some signs of activity.
Municipal credit is beginning to emerge as more of an investing consideration as the market deals with the coronavirus-led selloff and subsequent Fed-led rebound.
These moves are starting to make participants pick winners and losers from a credit perspective as they look at the underlying worthiness of municipalities after an extended period of significantly low rates and a supply/demand imbalance.
For now, the market is settling into a new normal, though caution still pervades.
(Read more: The Bond Buyer)
