Munis outperform UST selloff post-inflation report

Municipals were mixed Thursday, outperforming U.S. Treasuries, which saw larger losses following a higher-than-anticipated inflation report, while more outflows from muni mutual funds were reported.

U.S. Treasuries sold off after the consumer price index report showed inflation rising, paring back gains after several sessions of a flight-to-safety bid amid the violence in Israel. Equities ended down as the CPI figures further complicated market participant expectations on Federal Reserve policy decisions going forward.

Read more here: https://www.bondbuyer.com/news/munis-mixed-ust-yields-rise-post-cpi-report