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Muni Yields Continue to Rally: July 31 Weekly Update

Lower interest rates globally and continuing strong technicals in the tax-exempt market drove municipal yields lower this week, setting the stage for more issuers to save money with tax-exempt and taxable refinancings. BAM insured $140 million this week, and is on tap for more than $300 million of sales in the first week of August, led by the Oxnard School District in Southern California.