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FMNY - A Quarter Without Much Change But Plenty Of Volatility
First Trust New York Municipal High Income ETF
2025-07-11 06:45:00 ET
By John R. Mousseau, CFA
The end of the second quarter of 2025 saw slight rises in the 10-year Treasury yield but slight lowering of yields in the 10-year AAA muni yield. When you look at the highs and lows for the various maturities of both tax-exempt munis and US Treasuries you realize the volatility that buffeted both markets....