INVESTMENTS USAA MARKET COMMENTARY — 2/7/18 Muni Bond Market ...

• Yield on top-rated 30-year munis shot up over the 3% level for the first time since late 2016. Rising bond yields correspond with declining bond prices, so it’s been a rough time for muni investors. • As with stocks, a big part of the recent market volatility is inflation worries and concern that the Federal Reserve may ................
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