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Municipal new issues well-received, but yields still rise

High-grade deals priced and secondary trading showed bonds exchanging hands at yields higher than triple-A benchmarks in some cases, but a healthy two-way flow was evident, even if there are signals that yields have not yet found a ceiling.

Munis sell off double digits ahead of larger calendar

Data released Monday showed economic strength with further improvement ahead. U.S. Treasuries were off by five basis points but municipals saw aggressive eight to 10 basis point swings to higher yields across the curve.

Legal Hurdle Emerges That Could End Biden s Plan to Cancel the Keystone XL Pipeline

© press A legal hurdle to put a stop to Joe Biden s anti-American worker plans A legal hurdle has emerged that may stop Joe Biden s plan to cancel the Keystone XL Pipeline in its tracks. Across the northern U.S. border, a lawsuit has been filed over the Biden administration’s halting of the oil pipeline. The case could hang on a Supreme Court ruling against the Trump administration related to the U.S. southern border. As one of his first acts after being sworn into office, Joe Biden signed an executive order that canceled construction of the Keystone XL oil pipeline.

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