Municipals sold off Friday with losses of up to 18 basis points, with the damage felt across the curve, and the 30-year triple-A yield closed just shy of 4%. U.S. Treasuries ended mixed after the 10-year rose to levels not seen since 2007 earlier in the session, and the reversal led to an equity rally to close out a tumultuous day and week. Triple-A yields rose 10 to 18 basis points, moving the entire curve above 3%. Short UST made gains while the long bond saw losses of up to 11 basis points.
Source: The Bond Buyer
