The Bond Buyer: Munis sit on sidelines while USTs rally post-Fed rate hike
06/15/2022
Munis were mostly steady throughout the day as broader markets reacted to the FOMC decision. Markets would have been more surprised by a move that wasn't at least 75 basis points, said Tom Kozlik, head of municipal research and analytics at HilltopSecurities, in a Tuesday report. He said it's possible that the Fed raises a total of 275 basis points by the December meeting.