Municipal bonds see large correction in volatile times

Volatility continues to hang over financial markets due to COVID-19, and after a Monday that had all stocks down at least 6%, stocks rebounded Tuesday and muni yields were down as much as 16 basis points — [on Tuesday] munis saw a correction.
Munis were weaker on Tuesday on the MBIS benchmark scale, with yields rising six basis points in the 10-year and by six basis points in the 30-year maturity. High-grades were also stronger, with yields on MBIS’ AAA scale decreasing by six basis points in the 10-year maturity and by six basis points in the 30-year maturity.
(Read more: The Bond Buyer)