The Trump administration’s efforts to cut taxes are threatening to upend the U.S. $4 trillion municipal bond market.
Long-maturity municipal bonds are the cheapest since November relative to Treasuries as investors in the market for US state ...
Investors typically expect rising long-term rates to put pressure on stocks, especially when inflation spikes, but the S&P 500 SPX was up slightly for one week through Thursday, up 4.1% for 2025 and ...