Muni Bond Yields Hit 15-Year Highs as Credit Holds Steady
Muni bond yields hit 15-year highs in the third quarter, driven by rising rates and record supply rather than weaker credit, according to Thornburg Investment Management. Key Takeaways: Rising rates and heavy issuance, rather than credit problems, sent municipal yields to their highest level since 2008. Yields on two Thornburg taxable bond ETFs also topped […]
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