The Bond Buyer - Munis underperform UST rally

Jan Szilagyi, CEO and co-founder of Toggle, said, "the Fed hates to flip-flop, so the bar to moving back to 50 (or even 75) is going to be pretty high, especially since they maintain the view that inflation dynamics will be very favorably impacted by a drop in shelter prices by mid-year."

He said, "this is creating a period of uncertainty that could lead to substantial volatility in the coming months: Will the Fed resume a more hawkish pace (and drive markets lower) or stick with the dovish path, risk getting behind the curve, and have to catch up later (driving markets lower)?"

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