ETF Managers Group Bond Market Expert Bryce Doty in The Bond Buyer

Munis ignore large UST sell-off; Muni funds see $657M inflow

Municipals faced some pressure on bonds inside 10 years but ignored a large sell-off in the U.S. Treasury market after a higher consumer price index spooked investors on greater inflation concerns.

Triple-A benchmarks were little changed to a basis point weaker in spots while the five-year UST rose 14 basis points, the 10-year jumped 12 and the 20- and 30-year rose 9 and 10 basis points, respectively.

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