Muni-Massacre Leaves Bonds Most-Oversold Ever
US Municipal Bond yields have now risen for 10 straight days, spiking from 1.72% to 2.34% today – the highest since July 2015. This crash has now moved munis to the most-oversold-ever as the group suffers the biggest fund outflows since 2013’s taper tantrum.
The last 2 times that Muni yields spiked at such a pace marked dramatic buying opportunities…
This post was published at Zero Hedge on Nov 23, 2016.