Long-term municipal bonds have demonstrated unusual resilience against the market’s walloping of Treasury bonds in the last six weeks.

Normally, one would expect a spike in Treasury rates to force some investors out of the municipal bond market. If for no other reason, municipals lose luster if risk-free federal government debt yields much more by comparison.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.