The Bond Buyer – Munis ignore UST improvements; Washington sells $1.35B of GOs

April 26, 2022
Original article by Gary Siegel, Jessica Lerner, and Lynne Funk

Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the May FOMC meeting and the first-quarter GDP reading with The Bond Buyer. Jake suggested that since growth is likely to come in around 1%, stagflation risks will not be taken lightly by the Fed. He also added that a 50-basis-point hike is almost guaranteed, noting that the Fed has already exercised restraint by not conduction an emergency intra-meeting hike or a implementing bigger hike in May. Jake also shared that he sees quantitative tightening as “the wildcard to watch” at the May FOMC meeting.

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