The muni market is getting a tough wake-up call: The volatility may not be over just yet.
Benchmark yields rose as much as 29 basis points on Friday afternoon in New York. Muni bonds are belatedly joining other asset classes in selling off yet again despite President Donald Trump on Wednesday calling off many of his most punitive tariffs.
This week, the state and local debt market has seen wild swings. After a massive selloff, the muni market on Thursday saw its best day of performance since the spring 2020 pandemic-induced market volatility.
Bloomberg Markets
By Amanda Albright
April 11, 2025