Treasury Yields Suddenly Tumble As Muni Massacre Accelerates

Tyler Durden
By Tyler Durden of ZeroHedge
Writer at ZeroHedge •

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

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...

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

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

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Extending the recent massacre...

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It seems the flight to the highest quality collateral continues.

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