MUNICIPAL MARKET COMMENTARY
Mar 09, 2020
Muni Monthly Summary: February 2020
- Coronavirus fears create a BIG flight to safety over the last month
- US Treasuries rally
- 10 Year 1.66% to 0.92% from 02.05.2020 to 03.05.2020 (74 bps)
- 30 Year 2.14% to 1.56% from 02.05.2020 to 03.05.2020 (58 bps)
- IHS Markit Municipal Analytics Curve also tightens (but less than the treasury)
- 10 Year 1.19% to 0.95% from 02.05.2020 to 03.05.2020 (24 bps)
- 30 Year 1.83% to 1.56% from 02.05.2020 to 03.05.2020 (27 bps)
- Muni/Treasury Ratios produce an interesting mirror image
Ratio comparisons over a month
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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