Municipal bonds saw a largely mixed week of trading in a tight range. Subsequently, so did muni bond indexes, which ranged from unchanged to up no more than five basis points on the week.
Treasury yields bounced around in response to news from Europe. This is particularly true from Wednesday to Thursday, when yields for the 10-year and 30-year Treasuries jumped nine and eight basis points, respectively. Muni yields, though, mostly outperformed those of Treasuries, particularly in the 10-year range.