Treasury Yields Suddenly Tumble As Muni Massacre Accelerates

As The Fed continues its massive Daily QE, yields across the Treasury market are suddenly tumbling but the Muni market is a bloodbath…

30Y Yields just puked 20bps lower…

10Y Treasury yields dropped back below 1.00%…

As 10Y Muni yields spike a stunning 48bps…

Extending the recent massacre…

It seems the flight to the highest quality collateral continues.