Long-term municipal bond yields fell across the board this week, according to the Bond Buyer’s weekly yield indexes. The strengthening did not keep pace with Treasury yields, however, which fell much more sharply.

“Munis tend to track the flight to quality that’s pushing Treasuries higher, but you’ll see that spread waffling — it’s not going to be in lockstep,” said Phil Villaluz, municipal strategist at Advisors Asset Management.

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