Munis continued to soar Tuesday, following Treasuries, as fears out of Europe pushed investors to safe-haven assets. The 10-year muni saw the biggest rally, with its yield dropping to the lowest level in a month.
“It’s been a very busy day,” a trader in New Jersey said. “Our market is up and munis were bumped substantially — 10 basis points from 2022 on out. That’s fairly substantial.”