A two-year bond yields 0.03%? Yes.

Municipal-to-UST ratios were little changed. ICE Data Services showed the 10-year muni/UST ratio at 71% and the 30-year at 74%. Refinitiv MMD had ratios at 70% in 10 years and 75% in 30.

Mt. San Antonio Community College District, California, (Aa1/AA//) is set to price on Thursday $227.975 million of general obligation bonds. RBC Capital Markets.

Clifton, New Jersey, Board of Education sold $168.282 million of general obligation unlimited tax school bonds to XXXX. Bonds in

The Arizona Industrial Development Authority (A1/A//A+) is set to price on Thursday $151.995 million of Phoenix Children’s Hospital forward delivery bonds. BofA Securities.

The Temple College District, Texas, (/AA-//) is set to price $110.33 million of limited tax bonds. Piper Sandler & Co.

Secondary trading and scales

According to Refinitiv MMD, yields sat at 0.05% in 2022 and down one to 0.05% in 2023. The yield on the 10-year sat at 0.82% while the yield on the 30-year stayed at 1.39%.

ICE municipal yield curve saw bonds steady at 0.04% in 2022 and to 0.04% in 2023. The 10-year maturity was steady at 0.85% and the 30-year yield at 1.38%.

The IHS Markit municipal analytics curve saw the one-year steady at 0.05% and the two-year at 0.06%, with the 10-year fall two basis points to 0.81%, and the 30-year yield steady at 1.37%.

Bloomberg BVAL saw levels at 0.03% in 2022 and 0.03% in 2023, both down one, while the 10-year sat at 0.82% and the 30-year at 1.36%.

Treasuries were back to Tuesday levels while equities were mixed. The 10-year Treasury was yielding 1.175% and the 30-year Treasury was yielding 1.832% in late trading. The Dow Jones Industrial Average lost 271 points or 0.77%, the S&P 500 fell 0.32% while the Nasdaq gained 0.20%.