US Municipal Bond Market Weakness in July
The municipal bond market is experiencing its worst July performance in over 20 years, breaking from its typical seasonal strength. Rising Treasury yields and increased new debt issuance are pressuring the $4 trillion market for state and local government bonds.
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Muni Market Has Worst July Since 2003, Veering From Typical Summer Pattern
The municipal bond market is experiencing its worst July performance in over 20 years, breaking from its typical seasonal strength. Rising Treasury yields and increased new debt issuance are pressuring the $4 trillion market for state and local government bonds.
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