Business & Finance

Municipal bond yields little changed after Fed rate hike

Published December 16, 2015 Updated December 16, 2015 08:42pm

1 min

By Fawad Maqsood

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NEW YORK: US top-rated municipal bond yields were little changed on Wednesday after the Federal Reserve said it is raising its key policy rate for the first time in nearly a decade, according to a preliminary scale read from Municipal Market Data (MMD).

Yields rose up to 1 basis point in the 2019 to 2022 maturity and were unchanged in both shorter and longer dated maturities, MMD said. The ten-year top-rated muni bond last yielded 1.98 percent, according to MMD data.

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