Municipals made further gains on Friday, pushing yields down as much as another eight basis points, to close out a seven-day rally, the likes of which haven’t been seen since the end of March 2020 as the market began to rebound from the COVID-19-led turmoil. Triple-A yields have fallen more than half a percentage point on the 10- and 30-year, as the asset class has outperformed U.S. Treasuries… However, there are still a lot of uncertainties on the economic front, rate volatility might spike again, and supply might surprise to the upside, they said.
Source: The Bond Buyer
