Reported 2 months ago
Municipal bonds faced their largest drop in nearly a year, as investors re-evaluated their expectations regarding the economy after a recent jobs report. Yields on 15-year benchmark bonds surged 13 basis points, while longer-dated securities saw a 10 basis point increase. This volatility coincided with a busy week for municipal bond issuances, prompting delays in significant bond sales such as Chicago's $643 million offering.
Source: YAHOO