World & Business30-year municipal bond yield reportedly tops 5% for first time since at least 2011
Bloomberg says a fixed-income selloff is eroding returns on state and local government debt.
TLDR
Bloomberg reports that a fixed-income selloff has pushed the yield on benchmark 30-year municipal bonds above 5% for the first time since at least 2011. The selloff is eroding returns on state and local government debt, the outlet says.
30-year municipal bond yield reportedly tops 5% for first time since at least 2011
Bloomberg says a fixed-income selloff is eroding returns on state and local government debt.
TLDR
Bloomberg reports that a fixed-income selloff has pushed the yield on benchmark 30-year municipal bonds above 5% for the first time since at least 2011. The selloff is eroding returns on state and local government debt, the outlet says.