US Municipal Bonds Snap Selloff in Biggest Rally in Over a Year

State and local municipal bond prices rallied across the curve after a two-week selloff, with benchmark 10-year yields falling 11 basis points to 4.11%.

The drop marked the biggest gain for 10-year munis since April 2025, while 30-year benchmark yields dropped 6 basis points to 5.19%.

The Convention Center Authority of Nashville offered about $790 million of muni bonds in a deal that was delayed from the previous week and slightly expanded.