Yields on top-rated muni debt end week at record lows

SAN FRANCISCO Fri Nov 16, 2012 3:16pm EST

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SAN FRANCISCO Nov 16 (Reuters) - Benchmark yields on tax-free U.S. municipal bonds edged lower on Friday to all-time lows after a week during which investors concerned about the outlook for tax hikes and nervous about the stock market piled into the debt.

The 30-year yield fell to a record low for a seventh consecutive session, dropping one basis point from Thursday's low to end at 2.54 percent on Municipal Market Data's benchmark triple-A scale.

The 10-year yield dropped one basis point, to a record low 1.50 percent.

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