Muni Bonds Continue to Tumble by Romy Varghese and Kelly Nolan, Wall Street Journal
Prices of municipal bonds fell sharply for the second day Tuesday, driving yields on long-term bonds to the highest points in more than 18 months, as investors worried about the impact of the end of a federally subsidized borrowing programโ€ฆ”We are hitting the market as quickly as we can because it’s only going to get worse,” said Harold Downs, treasurer of the Metropolitan Water Reclamation District of Greater Chicago.