Market Update: SLGS vs. OMS in the Current Market
Georgina Walleshauser
February 18, 2025
The yield curve has significantly normalized in the past several months. We’ve discussed how the shape of the yield curve can impact reinvestment decisions in previous articles (such as “The Slope of the Yield Curve and How it Affects Refunding Escrows”) and now, as a result of the normalization in the current market, we are seeing more and more instances where open market securities (“OMS”) are outperforming State and Local Government Series Securities (“SLGS”)