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Munis Poised to Outpace Treasuries in Best Month Since December

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The municipal-bond market is on track to slightly outpace Treasuries this month, benefiting from a broad fixed-income rally and a period that is typically strong for US state and city debt.

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Markets today: Treasuries climb as data embolden bets on soft PCEThe world’s largest bond market rose after the latest batch of economic reports reinforced speculation the Federal Reserve will be able to cut interest rates this year to prevent a bigger U.S. slowdown.
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