Tax-exempt yields remained at record and historical lows Thursday as the municipal market saw light to moderate secondary trading activity.

The flatness follows Wednesday’s rally, which dropped muni yields to all-time lows for the 12th time in the past three weeks, pushing 10-year tax-exempt yields below 2.20% and 30-year munis below 3.70% for the first time in history.

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.