General Trends in the Municipal Bond Market   Treasuries are trading somewhat higher during a busy week of central bank updates. The yield on the benchmark 10-year note increased two basis points to 2.67% ahead of the January Federal Open Market Committee meeting minutes release today (see table below). Markets will also assess the minutes […]

Stocks Recover. Government Reopens. Fed-Watching Continues. Except for occasional peaks and valleys due to ongoing government shutdown negotiations, the stock market has been on a steady recovery from Christmas Eve lows. The Dow Jones Industrial Average (DJIA)is back up above 24,000 after dropping under21,800 on December 24th and the S&P 500 has gained over 13% […]