The Bond Buyer: Munis firmer ahead of FOMC decision
07/26/2022
Supply is paltry as investors sit on the sidelines, waiting to see how much the Fed will hike rates. The consensus appears to be another 75 basis point rate hike, though a full point hike could be on the table. “There’s a lot of waiting around right now,” said Tom Kozlik, head of municipal research and analytics at HilltopSecurities.