July 19, 2013 / 3:12 PM / 4 years ago

Muni bond yields rise day after Detroit bankruptcy

1 Min Read

NEW YORK, July 19 (Reuters) - Yields in the $3.7 trillion U.S. municipal bond market rose on Friday, a day after Detroit filed for the largest municipal bankruptcy in history.

Longer dated rates on maturities ranging from 2037 to 2043 rose by 5 to 9 basis points, according to a preliminary read on Municipal Market Data's triple A scale.

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