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Munis Outperform a UST Selloff; Yields at Multi-Year Highs.
- Source :
- Bond Buyer; 4/6/2022, Vol. 394 Issue 35689, p2-2, 3/4p
- Publication Year :
- 2022
-
Abstract
- Munis lagged, as they are wont to do in times of severe volatility, with triple-A municipal yields cut three to four basis points, while USTs were cut up to 17 in the seven-year and double-digit moves to higher yields were across the taxable curve. Municipals greatly outperformed a large selloff in U.S. Treasuries Tuesday with yields rising to multi-year highs in the global safety benchmark curve following Federal Reserve officials' hawkish remarks about shrinking its balance sheet and a likely 50 basis point interest rate increase as soon as May. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 07320469
- Volume :
- 394
- Issue :
- 35689
- Database :
- Complementary Index
- Journal :
- Bond Buyer
- Publication Type :
- Periodical
- Accession number :
- 156149647