Municipal bonds were little changed on Monday as U.S. Treasuries cheapened and equities ended mixed, with muni yields weakening by up to two basis points, mainly at the long end, while UST yields rose by six to seven basis points. Ajay Thomas of FHN Financial said the Treasury weakness was carryover from last week, when concerns about AI research and development and corporate earnings hit the market. He expects munis to underperform Treasuries this week due to a large new-issue calendar. He also noted the Federal Reserve is in a blackout period ahead of its October meeting, so investors should not expect any new economic data.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 101.98 |
| Change that session | +0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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