Muni Bonds Head for Biggest Drop Since July on Inflation Concern

Municipal bonds deepened their selloff on Tuesday, with benchmark yields rising as much as eight basis points, as geopolitical unrest in the Middle East and surging oil prices roil US...

By Aashna Shah, Erin Hudson · Bloomberg Markets

Municipal bonds deepened their selloff on Tuesday, with benchmark yields rising as much as eight basis points, as geopolitical unrest in the Middle East and surging oil prices roil US Treasuries for a second day.