Muni 30-Year Yield Exceeds 5%, Highest Since at Least 2011
Benchmark 30-year municipal bond yields have surpassed 5% for the first time since at least 2011. This increase follows a significant fixed-income selloff affecting state and local government debt.
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.
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