Munis ignore massive UST rally; outflows reach $2.7B
A larger new-issue slate led by large deals from the Texas Water Development Board and state of Illinois took focus away from the secondary.
Source: bondbuyer.com
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Muni yields rise amid global bond market volatility
Bids wanteds have been elevated, municipal bond mutual fund outflows large and consistent and the short end of the U.S. Treasury curve continues its march upward, moves that muni investors cannot ignore.
Source: bondbuyer.com
One-year triple-A muni yields rise above 3%
Elevated secondary selling pressure on Tuesday forced more losses. Triple-A yields rose by as many as seven to eight basis points across the curve, moving the entire triple-A curve above 3% and the 30-year a dozen basis points shy of 4%.
Source: bondbuyer.com
Munis extend selloff on front end, calendar rebounds to $6.2B
Triple-A yields rose 11 to 15 basis points five years and in.
Source: bondbuyer.com