TREE NEWS reports: US municipal bond yields jumped as much as 15 basis points, with the longest maturities reaching their highest levels since 2011. As of 3 p.m. New York time, the 30-year benchmark muni yield rose 14 basis points to 4.89%, the highest since February 2011 and the biggest one-day gain since April 2025. The 10-year benchmark climbed as much as 15 basis points to 3.69%, its highest since April 2025, pressured by rising Treasury yields and heavy new-issue supply.
US Municipal Bond Yields Hit Highest Since 2011 in Selloff
AI take
The move matters less for the headline level than for its composition: a long-end-led selloff tied to Treasury pressure and heavy new-issue supply suggests duration and absorption capacity, not credit quality, are driving munis right now. That distinction affects issuers timing deals and the crossover buyers who weigh munis against Treasuries. Whether the new-issue calendar keeps overwhelming demand is the open question, since that, more than the Treasury leg, determines whether the cheapening persists.
Generated by AI for reference only.
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