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This exchange-traded fund is designed to closely replicate the performance of a designated index, which exclusively comprises high-quality municipal bonds issued across the United States.

On Tuesday, the 10-year treasury rate yield reached a 19-year high at 5.041%, even as investors wary Iran war fallout

Aon's $13.5B bond sale for its $17B USI acquisition draws about $65B in orders, tightening pricing despite higher borrowing costs and a difficult market.

Asian stocks diverged on Tuesday as South Korea's KOSPI struggled to shake off pressure on semiconductor shares while Japan's Nikkei 225 recovered, leaving the region's two most AI-sensitive markets moving in opposite directions ahead of key US and Japanese rate decisions. The KOSPI fell as much as 0.76% in early Seoul trading before paring most of the decline, extending a difficult stretch after Monday's sharp technology sell-off.

The US 10-year Treasury yield on Monday briefly surged past 5% for the first time since 2023, driven by rising diesel prices, in a rally that could see borrowing costs balloon for mortgages and auto loans.

Iran-linked rebels force closure of east-west pipeline and capture strategic island in Bab al-Mandab strait