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Treasury Yields Suddenly Tumble As Muni Massacre Accelerates

Tyler Durden's Photo
by Tyler Durden
Thursday, Mar 19, 2020 - 01:33 PM

As The Fed continues its massive Daily QE, yields across the Treasury market are suddenly tumbling but the Muni market is a bloodbath...

30Y Yields just puked 20bps lower...

10Y Treasury yields dropped back below 1.00%...

As 10Y Muni yields spike a stunning 48bps...

Extending the recent massacre...

It seems the flight to the highest quality collateral continues.

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