Muni problems? What muni problems?
The retail platform for municipal bond trading reported an all-time record of 11,590 municipal bond trades were done on Monday on the BondDesk ATS.
The record came on the heels of the largest three-day increase in yields since April 1987 and in the wake of last week’s Federal Reserve meeting.
John Bagley, president of BondDesk Trading, noted that interest in municipal bonds from retail investors has spiked over the past week along with the increase in yields.