It was a record day in the market in a couple of different ways, as yields descended further to new record lows on both the10- and 30-year and the market saw the lowest yield ever for a century bond.
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On the MMD benchmark scale, the yield on both the 10- and 30-year were three basis points lower to l.15% and 1.80%, respectively. With this move, both maturities set a new record low. The 1O-year muni read hit an all-time low of 1.18% on Monday, beating the previous MMD record low of 1.21 % set on Aug. 28, 2019. The 30-year on Monday tied its previous low of l.83% also set on Aug. 28 last year.
(Read more: Bond Buyer)