Municipal bonds were little changed Friday after a sell-off in global bond rates helped send muni yields more than 40 basis points higher on the 10- and 30-year triple-A benchmark since the rout began on Feb. 17. The market took a much-needed breather Friday and U.S. Treasuries pared Thursday’s losses to see the 10-year fall 12 basis points to 1.42% and the 30-year 17 basis points to 2.11%. Municipals were steady at 1.14% in 10 years and 1.82% in 30 years as trading was light but steady and participants readied for a new month and about $6.2 billion of new issues to kick it off…
Source: The Bond Buyer
