The interest rate on AAA 10-year munis is 2.83 percent, the highest since Sept. 20, Bloomberg data show. That compares with 2.67 percent on similar-maturity Treasuries.
The ratio of the yields, a gauge of relative value, is about 106 percent, compared with an average of 94 percent since 2001. It has exceeded 100 percent since June 24. The higher the figure, the cheaper munis are compared with federal securities.
Following is a pending sale:
Florida’s Hillsborough County Aviation Authority is selling about $169 million in debt next week to refinance some Tampa International Airport revenue bonds and repay loans.