Munis stays ahead of new offering as demand drives market forward – Bond Buyer
Municipalities were flat on Monday, with yields on the AAA scales ending unchanged before this week’s new supply.
Market participants said secondary activity was rather slow.
“Trade volumes today are extremely low, making it one of the quietest days of 2020,” ICE Data Services said. “It is expected that $ 8.1 billion will go to market this week, led by New York.”
Continued demand for…