The municipal bond market entered the 2024 tax season with less selling pressure than usual, as investors leaned on cash and money‑market funds rather than liquidating muni holdings. Investment‑grade munis slipped 2.32% in March, pulling year‑to‑date returns to –0.18%, while Treasury and corporate bonds also posted modest losses. Tax‑exempt money‑market balances rose to $146.1 billion and daily floaters reset at 2.14%, signaling ample liquidity for tax payments. Outflows of $544.4 million from muni mutual funds broke a 17‑week inflow streak, reflecting cautious investor sentiment amid volatility.
S&P Global Ratings lowered the outlook for Lancaster County School District in South Carolina to negative after the district tapped its reserves in fiscal 2024 and 2025. The agency affirmed the district’s general‑obligation bonds at AA‑minus and its installment‑purchase revenue...
Oklahoma City will issue $825 million of municipal bonds in May to fund a new arena for the NBA’s Thunder, securing the team’s presence through at least 2053. The Thunder will contribute $50 million, while the city adds $78 million from MAPS 4 funds...

New Hampshire will sell $83 million of general‑obligation bonds on Tuesday, divided into a $60 million Series 2026A maturing 2027‑2046 and a $23.08 million Series 2026B slated for 2027‑2036 refunds. The bonds carry top‑tier ratings—Moody’s Aa1 and AA‑plus from Fitch and S&P—reflecting the state’s solid...

The Bank of Japan’s ultra‑loose policy has turned the yen into the world’s cheapest funding currency, fueling a massive carry‑trade that amassed roughly $435 billion between 2022 and 2024. A modest rate hike in March 2024 barely dented the trade, but the...

Chinese government bond yields are edging up from record lows as deflationary pressure eases. The benchmark 10‑year yield, currently around 1.8%, could climb toward or beyond 2% this year. Simultaneously, the spread between five‑year and 30‑year notes has widened to...
The yield on the benchmark ten‑year U.S. Treasury bond has swung dramatically, dipping below 4% on Feb. 27, spiking above 4.4% by March 27, and then retreating again. The rapid movement reflects heightened market sensitivity to geopolitical shocks, notably the American‑Israeli war...
Eaton Vance Municipal Income Trust (EVN) earned a buy rating for investors seeking federally tax‑free income, delivering a 5.9% annual yield paid monthly. For taxpayers in the 30%+ bracket this equates to an 8‑9% taxable‑equivalent return. The fund’s portfolio is...

China has accelerated the sale of its U.S. Treasury bill holdings, dropping from $682.6 bn in November 2025 to $633.4 bn—a $50 bn decline in four months and the lowest level since 2008. The sell‑off follows a pattern of larger drawdowns during the...
The Angel Oak Mortgage‑Backed Securities ETF (ticker MBS) has emerged as a standout pure‑play vehicle for residential mortgage credit. Early April 2026 sees the fund navigating heightened volatility as geopolitical tensions, notably the Iran conflict, have nudged Treasury yields up...
The authors analyze 75,000 sovereign bond auctions from 20 emerging‑market economies (2000‑2023) to uncover how timing decisions differ by currency. Local‑currency issuances closely track refinancing needs, while foreign‑currency issuances are driven by global financial conditions, investor sentiment, and terms‑of‑trade shocks....

Thailand’s corporate bond market faces a liquidity crunch as roughly $18.5 billion in bonds will mature over the next three quarters, according to the Thai Bond Market Association. While investment‑grade issues dominate, about $1.4 billion of lower‑rated and unrated debt is especially...

Morningstar DBRS assigned an A (low) issuer rating and a matching A (low) rating to CoreWeave Compute Acquisition Co. VIII’s $8.5 billion senior secured delayed draw term loan facility, with a stable trend. The loan finances the acquisition, installation, and operation...

U.S. Treasury prices slipped after March employment numbers outperformed expectations, pushing yields up three to four basis points across the curve. The robust jobs report reinforced the view that the labor market is stabilizing, prompting traders to discard bets on...
The Iran war has injected fresh uncertainty into global inflation and growth forecasts, prompting dramatic swings in interest‑rate swap markets across the US, UK and Europe. Traders have shifted from betting on rate cuts to pricing multiple hikes within minutes,...