Who needs Build America Bonds to keep borrowing costs low? The tax-exempt rally extended for an 18th session Thursday as yields fell to their lowest levels since November.

“We had a strong market today,” said a trader in New York. “Instead of incremental basis point moves, we’re seeing four-to-five basis point changes.”

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.