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