A flurry of diverse credits in the primary helped to guide the secondary with the 10-year falling below 1% on both Bloomberg BVAL and IHS Markit as municipals continue to grind lower. One-year municipal debt has fallen to record lows with benchmark yield curves at 0.05%. The yield currently on the 30-year municipal triple-A hovers at or just below the 10-year U.S. Treasury. New deals in both the competitive and negotiated markets were oversubscribed…
Source: Bond Buyer.
