Muni volumes increase as issuers look to take advantage of low interest rates and we unpack the potentially disastrous cuts to Federal transportation grants looming at the end of the fiscal year.

Interest rates in the U.S. aren’t yet negative, but some benchmark rates have reached all-time lows.

U.S. equity markets have shown weakness as of late as investors digest global disruptions. Meanwhile, the news remains positive for municipal bond yields amid a surge in municipal bond volume.

The financial markets are expecting that the Fed will decrease the federal funds rate at their meeting next week – for the first time in over ten years. Meanwhile, yields on muni bonds have continued to decline; we explain some of the factors causing the surprising declines in yields that have occurred in 2019.