December 1, 2016 / 5:45 PM / 9 months ago

U.S. municipal bond yields rise sharply

SAN FRANCISCO, Dec 1 (Reuters) - Benchmark U.S. municipal bond prices fell on Thursday, lifting yields as much as 7 basis points, according to a preliminary scale read from Municipal Market Data (MMD), a unit of Thomson Reuters.

Yields on AAA-rated muni bonds in the 2022 and the 2037-2046 maturities rose 5-7 basis points, according to MMD's preliminary scale read. (Reporting by Robin Respaut)

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