Municipals were little changed Tuesday as U.S. Treasury yields rose out long and equities ended down. The two-year ratio Tuesday was at 72%, the five-year at 72%, the 10-year at 73% and the 30-year at 90%, according to Municipal Market Data’s 3 p.m. ET read. ICE Data Services had the two-year at 70%, the five-year at 71%, the 10-year at 73% and the 30-year at 90% at 4 p.m.
As the second half of the month gets underway, munis are seeing small gains of 0.1%, bringing year-to-date returns to negative 0.96%. This compares to 2024, when returns for the month were 1.02% at the midway point of May, said Jason Wong, vice president of municipals at AmeriVet Securities.
Source: The Latest
