U.S. 30-year municipal bond yield falls to record low-MMD
July 12 (Reuters) - The yield on the U.S. 30-year municipal bond on Municipal Market data triple-A scale fell below 3 percent for the first time on Thursday, slipping 6 basis points to 2.96 percent on strong reinvestment demand, according to Municipal Market Data.
"Demand for negotiated deals this week seemed insatiable," said Randy Smolik, a senior market analyst with MMD, a Thomson Reuters company, in market commentary.
An estimated $30 billion of cash will be paid to investors in the form of redemptions and coupon payments in July, he said.
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Modi eyes breakthrough nuclear pact on Japan trip
- U.S. seeks coalition against Islamic State, but military partners no sure bet
- Modi to launch plan for every Indian household to have bank account
- Syrian planes bomb border post near Israel captured by rebels