Municipal yields climbed again Monday amid elevated secondary selling pressure following a major U.S. Treasury selloff while equities also ended in the red as global bond market uncertainties rattle all markets. Triple-A municipal yields rose as much as 18 basis points on the short end, with the one-year just below or above 3%, further flattening the curve. The two-year UST hit 4.3% while the 10-year climbed 21 basis points Monday.
Source: The Bond Buyer
