Munis Extend Rally to Start October

Munis Snap Selloff in Biggest Rally in More Than a Year

State and local debt prices rallied across the curve with ten-year municipal bonds posting their biggest gain in more than a year after a nearly two-week selloff.

Munis extend rally to start October

The rally has been more of a technical driver. Absolute yields and ratios, at least on the muni side, are very attractive, with the asset class becoming "oversold," said Whitney Fitts, director of municipal portfolio management at Appleton Partners.