Muni yields fall first time in weeks

Triple-A benchmark yields were little changed on the shorter end of the curve, while bonds outside of five years saw the first bumps of substance in 2022 to begin the new month. Treasuries were softer to close the session, while equities rebounded to end in the black.

The municipal to UST ratio five-year was at 76%, 84% in 10 and 90% in 30, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five at 73%, the 10 at 85% and the 30 at 89%.