Laffer Tengler Investments CEO and Chief Investment Officer Nancy Tengler in The Bond Buyer

Municipals outperformed another large selloff in U.S. Treasuries that pushed that market to the highest yields since before the pandemic began while equities also saw massive losses as the markets fully digest an expected March rate hike.

Triple-A benchmark yields saw two to four basis point cuts across the curve Tuesday while the 2-, 5- and 10-year UST hit highs that further flattened the taxable curve.

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