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Munis Head for Best October in More Than Four Decades After Rout

Bloomberg Markets Friday 30 October 2026, 13:54 UTC By Aashna Shah 1 min read
Key Points

Munis Head for Best October in More Than Four Decades After Rout US state and local government debt is on track to notch its strongest October in more than four decades, as a relief rally follows one of the worst months for the bond market in years. The Bloomberg Municipal Bond Index has gained roughly 3.6% so far this month through Thursday, putting it on pace for its best October since at least 1980 and its strongest month since November 2023. It would also mark the first month of positive...

Munis Head for Best October in More Than Four Decades After Rout US state and local government debt is on track to notch its strongest October in more than four decades, as a relief rally follows one of the worst months for the bond market in years. The Bloomberg Municipal Bond Index has gained roughly 3.6% so far this month through Thursday, putting it on pace for its best October since at least 1980 and its strongest month since November 2023. It would also mark the first month of positive returns since June, following months of declines fueled by concerns about inflation and interest-rate hikes.
The Bloomberg Municipal Bond (ORG)
Originally published by Bloomberg Markets Read original →

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