Nearly all of The Bond Buyer’s weekly yield indexes rose this week, as cheapness particularly on the short-end of the curve permeated the market.
“The market the last two days has been real queasy,” said Evan Rourke, portfolio manager at Eaton Vance. “It’s really been the short end of the curve. The curve has gotten flatter. The long end seems fairly immune, there’s more weakness in the five- to 10-year range, which makes sense, since munis had been so rich there.