TREE NEWS reports: US municipal bonds rallied across the curve on Thursday, with the benchmark 10-year muni yield falling 16 basis points to 3.74% by 4pm New York time — the largest single-day drop in 18 months. The 30-year benchmark yield dropped 15 basis points to 4.97%, also the biggest decline since April 2025. Treasuries of the same maturities rose in tandem as traders sold AI-related stocks and moved into safe havens.
US municipal bonds rally; 10-year yield sees biggest one-day drop since April 2025
AI take
This is a safe-haven rotation, not a muni-specific story: the AI-equity selloff pulled money into Treasuries, and munis simply tracked the same move. The scale is what stands out — an 18-month high in single-day yield declines signals how crowded the AI trade had become. The open question is whether this is a one-day risk reset or the start of a broader repricing, and whether muni-Treasury ratios hold once equity volatility fades.
Generated by AI for reference only.
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