Munis Are Near Cheapest Levels in a Year
US state and local government bonds are at their cheapest levels relative to Treasuries in a year. The trend results from heavy issuance and declining demand amid a broader fixed-income selloff. Municipal bonds are currently experiencing significant price shifts compared to other government securities.
Bloomberg's Aashna Shah joins Scarlet Fu on "Bloomberg Real Yield." US state and local government bonds are near their cheapest levels relative to Treasuries in a year as heavy issuance and fading demand collide with a broader fixed-income selloff. (Source: Bloomberg)
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