U.S. muni bond prices plunge after market open

November 9, 2016 10:04 AM EST

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NEW YORK (Reuters) - Prices on top-rated U.S. municipal bonds plunged after the market opened on Wednesday, in line with U.S. Treasuries after Republican Donald Trump was elected President.

Muni yields, which generally move inversely to prices, rose as much as 12 basis points, according to a preliminary scale read by Municipal Market Data, a Thomson Reuters unit.

(Reporting by Hilary Russ)

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