Munis See Worst Monthly Returns Since Lehman Collapse

US state and local government debt posted its worst month in nearly two decades after inflation concerns, fueled by the ongoing US-Iran conflict, and fears of interest-rate hikes triggered a...

By Aashna Shah and Shruti Date Singh · Bloomberg Markets

US state and local government debt posted its worst month in nearly two decades after inflation concerns, fueled by the ongoing US-Iran conflict, and fears of interest-rate hikes triggered a widespread bond selloff.