The election of Donald Trump surprised many and sent bond markets into a market frenzy. On the day before the election, the 10-year AAA rated average municipal yield was 1.73%. By the end of November, the yield jumped to 2.51%. This 78 basis points jump in yield was more than the jump in the 10-year Treasury (+53 basis points) over the same timeframe.
https://bernardisecurities.com/wp-content/uploads/2017/01/2017-Winter-Quarterly-FPv2.jpg 350 940 ccarranza /wp-content/uploads/2018/02/logo-original.png ccarranza2017-01-25 16:22:492018-05-11 19:07:59Market Review – Winter 2016