Stocks Are Partying Like the War Is Over, Bonds Not So Much

April 17, 2026

Progress towards a ceasefire in the Persian Gulf had the Nasdaq composite and the S&P 500 closing at record levels for their third day straight. Over in the bond market, though, it appears the nation is still at war. Consider:
A State Street ETF that tracks the muni bond market is down 1.61% from