Mike Kondas, associate director S&P Indices, notes that after peaking on February 8th at 3.74%, the yield on the active 10-Year U.S. Treasury Note closed the month at 3.43%, 6 bps higher than at the end of January. He also highlights how the tax-exempt and taxable municipal bond markets showed signs of recovery in February, driven in part by the relatively low supply of new issues coming to market. For comprehensive data and information on S&P Fixed Income Indices visit www.fixedincomeindices.standardandpoors.com
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