“A more bearish sentiment is growing,” Matt Fabian, an analyst at Municipal Market Advisors, said in the article. “Munis had already weakened last week because of the incremental supply in the market that pushed prices lower. Now you have the weakness in Treasuries. It’s reasonable prices would fall.”
iShares S&P National AMT-Free Muni Bonds Fund
For more information on munis, visit our municipal bonds category.
Max Chen contributed to this article.