Bloomberg's Aashna Shah joins Scarlet Fu on "Bloomberg Real Yield. " US state and local government bonds are near their cheapest levels relative to Treasuries in a year as heavy issuance and fading demand collide with a broader fixed-income selloff.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-09-17/munis-are-near-cheapest-levels-in-a-year-video)