Walloped on the front end, better out long, choppy all around
One underwriter called it a "violent inversion," given that the short end of the municipal and Treasury yield curves were so dislocated.
Source: bondbuyer.com
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Munis mixed ahead of $7.2 billion new-issue calendar
The "weakness in the secondary market will carry over into this week, which may lead to higher yields and wider spreads in the primary market," said CreditSights strategists Pat Luby and Sam Berzok.
Source: bondbuyer.com
Calm after the correction: munis mostly steady to close out rough week
Investors will be greeted Monday with a new-issue calendar estimated at $7.208 billion, led by $1.3 billion of GOs from bellwether Washington.
Source: bondbuyer.com
Munis steady to firmer in spots as FOMC week kicks off
With the Federal Open Market Committee meeting this week and the next week shortened by the bond market observance of Veterans Day, CreditSights strategists said "investors should be prepared for two weeks of subdued new issuance."
Source: bondbuyer.com
In roller coaster week, munis close out steady; Supply falls ahead of FOMC
The upcoming Federal Open Market Committee meeting on Tuesday and Wednesday has led to a lighter new-issue calendar with $2.72 billion on tap.
Source: bondbuyer.com