Municipal Market Update – April 2020

The municipal market remained especially volatile during April from significant uncertainty regarding COVID-19. Treasury rates have continued to stay almost 2% lower than this time last year throughout the yield curve. As of April 30th, the futures market does not expect a rate increase during 2020 with at least a 96.5% probability of rates remaining close to zero for the remainder of the year.

US Treasury Yield Curve

Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of April 30, 2020. It is written for those making credit and investment related decisions for municipalities and non-profit institutions. If you have additional questions or would like to learn more about our municipal advisory and investment banking services, visit our Municipal Advisory page and contact Michael Stone, CFA.

Click here to access our Municipal Market Update.