H&W in the Media

Munis should see hearty appetite for summer feast

The municipal bond market will continue to see a swarm of mid-sized deals that will be taken down with ease, continuing the good times that have been fueled by 27 straight weeks of fund inflows.

Bill Walsh, president of Hennion & Walsh agreed that a firm tone was evident on Friday and strong demand will continue to support munis in the foreseeable future.

“There is not much in the way of activity this morning,” he said Friday. “Bid wanted lists are smaller today and we haven’t seen too many blocks
trading,” Walsh added.

“With the relative lack of supply, we expect investor demand to remain high as bonds are called or mature,” he said.

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