Municipal bonds are debt securities issued by state and local governments to finance capital investment and other obligations.
The U.S. Treasury market experienced a flight to quality with the turmoil in Ukraine.
Comparing CD yields out to a five-year maturity with U.S. Treasury yields over the same maturities.
The last time the U.S. government bickered about the debt ceiling, S&P lowered its credit rating.
When Standard and Poor’s downgraded the United States’ credit rating on Aug. 5, many analysts expected Uncle Sam’s borrowing costs to rise sharply. That hasn’t happened in the short term, though it’s still a possibility in the longer term. The yield on the 10-year Treasury recently fell below 2 percent (as a point of reference, it was