Nearly all The Bond Buyer’s weekly yield indexes rose this week, reflecting sustained weakness in the municipal market, despite the one-year note index declining to an all-time low.

“The market’s gotten a little cheaper,” said George Strickland, managing director and portfolio manager at Thornburg Investment Management. “Up until [yesterday], I’d say credit was outperforming, but [yesterday], credit seems to be taking a bit of a hit along with everything else. So we’ll see what comes, but the momentum seems to be going south right now.

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