Municipal bonds see biggest rout in nearly a year as economic views swing
==========
Municipal bonds experienced a significant sell-off as investors reduced their flight to quality bid; Yields on 15-year benchmark bonds surged 13 basis points, the largest increase in almost a year; The longest-dated securities saw yields rise by 10 basis points, erasing earlier gains; The volatility in the state and local government bond market is due to investors reassessing the rally in safer assets; Chicago delayed its $643 million bond sale due to the market swings; The sell-off is driven by a rapid change in investor expectations around the economy; Investors are now more optimistic about the macro economy and strong micro fundamentals.
https://theedgemalaysia.com/node/722083
The Edge Malaysia /
npub15q…t0mcv
2024-08-08 02:10:42
Author Public Key
npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvPublished at
2024-08-08 02:10:42Event JSON
{
"id": "c41ddc20b6cda97f320dd0eac0412d39034ee658022436c330561fc462ab9e89",
"pubkey": "a0233d22ba4c1617dfcecee4275ae59135db4da268aca808e07ddc860b504e63",
"created_at": 1723083042,
"kind": 1,
"tags": [],
"content": "Municipal bonds see biggest rout in nearly a year as economic views swing\n==========\n\nMunicipal bonds experienced a significant sell-off as investors reduced their flight to quality bid; Yields on 15-year benchmark bonds surged 13 basis points, the largest increase in almost a year; The longest-dated securities saw yields rise by 10 basis points, erasing earlier gains; The volatility in the state and local government bond market is due to investors reassessing the rally in safer assets; Chicago delayed its $643 million bond sale due to the market swings; The sell-off is driven by a rapid change in investor expectations around the economy; Investors are now more optimistic about the macro economy and strong micro fundamentals.\n\n\n\nhttps://theedgemalaysia.com/node/722083",
"sig": "b24dfd55b4bcb4481491794b6cc383ac35a3c201adad0553a17702db717b636473b26c920c818432f1f3e50ce53dbc62d96ff8f90c572d736d7e2203c0d0042a"
}