Muni 30-Year Yield Highest Since at Least 2011
The yield on 30-year municipal bonds has risen above 5%, marking the highest level since 2011 due to a fixed-income selloff.
Bloomberg's Shruti Singh and Aashna Shah join Emily Graffeo on "Bloomberg Real Yield." A painful fixed-income selloff is eroding returns in state and local government debt, driving the rate on benchmark 30-year municipal bonds above the 5% threshold, the highest since at least January 2011. (Source: Bloomberg)
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