Municipal Market Update – September 2019

The yield curve remains inverted to 10 years, as longer-term rates out to 30 years are hovering around all-time lows. The FOMC approved another quarter point rate cut this month over a split vote and will meet again in October. While the futures markets are predicting a high probability of further rate cuts this year, the FOMC has been hesitant to dictate which direction they will take during the fourth quarter of 2019.

 

U.S. 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 – both floating and swap-to-fixed as well as the credit spreads of key local and state entities with data as of September 30, 2019. It is written for those making credit and investment related decisions for municipalities and on-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.