1.0Alpine Macrohttps://alpinemacro.com/fr/Move Out The Municipals Curverich600338<blockquote class="wp-embedded-content" data-secret="jIAv76v82x"><a href="https://alpinemacro.com/fr/blog/move-out-the-municipals-curve/">Move Out The Municipals Curve</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://alpinemacro.com/fr/blog/move-out-the-municipals-curve/embed/#?secret=jIAv76v82x" width="600" height="338" title="« Move Out The Municipals Curve » — Alpine Macro" data-secret="jIAv76v82x" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
/* <![CDATA[ */
/*! This file is auto-generated */
!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document);
//# sourceURL=https://alpinemacro.com/wp-includes/js/wp-embed.min.js
/* ]]> */
</script>
https://alpinemacro.com/wp-content/uploads/2021/05/blog-header.jpg1920900Today’s report discusses Municipal bond strategy at a time when Treasury yields have peaked but risky spreads have not. The good news is that the starting point for S&L finances is the best it has ever been, providing ample cushion to help weather revenue disappointments. However, this must be weighed against the darkening economic outlook and poor market liquidity. Muni yields and spreads are attractive out the curve, but should total return investors and asset allocators take the duration risk?