6th April 2026
Municipal market update
The municipal market found firmer footing last week as geopolitical tensions surrounding the U.S.-Iran conflict showed intermittent signs of easing through Thursday. Early-week optimism was shaped by constructive headlines and comments from Fed Chair Powell, who noted that policy is “in a very good place to observe the effects of the Iran conflict on the Fed's dual mandate,” signaling that the central bank is closely monitoring economic conditions but is not expected to change its stance in the near term.