{"id":2338,"date":"2022-07-28T19:15:06","date_gmt":"2022-07-28T19:15:06","guid":{"rendered":"https:\/\/alpinemacro.com\/?p=2338"},"modified":"2022-07-28T19:16:05","modified_gmt":"2022-07-28T19:16:05","slug":"move-out-the-municipals-curve","status":"publish","type":"post","link":"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/","title":{"rendered":"Move Out The Municipals Curve"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"

Today\u2019s 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? <\/p>\n","protected":false},"author":8,"featured_media":1776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-2338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategie-relative-aux-obligations-americaines"],"acf":[],"yoast_head":"\nMove Out The Municipals Curve - Alpine Macro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Move Out The Municipals Curve\" \/>\n<meta property=\"og:description\" content=\"Today\u2019s 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?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/\" \/>\n<meta property=\"og:site_name\" content=\"Alpine Macro\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-28T19:15:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-28T19:16:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alpinemacro.com\/wp-content\/uploads\/2021\/05\/blog-header.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark McClellan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark McClellan\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/\"},\"author\":{\"name\":\"Mark McClellan\",\"@id\":\"https:\/\/alpinemacro.com\/#\/schema\/person\/35d52c32fc022dad36b35abce38a643e\"},\"headline\":\"Move Out The Municipals Curve\",\"datePublished\":\"2022-07-28T19:15:06+00:00\",\"dateModified\":\"2022-07-28T19:16:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/\"},\"wordCount\":5,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/alpinemacro.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/alpinemacro.com\/wp-content\/uploads\/2021\/05\/blog-header.jpg\",\"articleSection\":[\"Strat\u00e9gie relative aux obligations am\u00e9ricaines\"],\"inLanguage\":\"fr-FR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/\",\"url\":\"https:\/\/alpinemacro.com\/fr\/blog\/move-out-the-municipals-curve\/\",\"name\":\"Move Out The Municipals Curve - 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