- The high-grade, short end of the curve showed a total return of negative 0.01%, according to Municipal Market Advisors data. The high-grade, intermediate part of the curve showed a total return of negative 0.02%. The high-grade, long end of the curve showed a total return of positive 0.03%.
Municipal bonds were very lightly traded Thursday and moved only slightly as the backdrop of a rallying Treasury market and plunging stocks kept most large muni market-makers sidelined. Thursday marked the last day of the week for any sizable new issues, and most of these bonds were distributed with relative ease. In terms of day-to-day total returns: