The municipal market saw yields grind lower Thursday by as much as seven basis points on the short end. Triple-A benchmark yields on the long end declined four basis points. Yields on all triple-A benchmark curves out to nine years are now below 1%. The largest bumps were again on the very short end of the curve. Utah brought a surprise AAA general obligation deal that saw yields bumped six or seven basis points in a repricing while more inflows were reported. Refinitiv Lipper reported municipal bond funds inflows of $581.943 million in the week ended May 13 after experiencing $408.424 million of outflows in the previous week.
(Read more: The Bond Buyer)
