Connecticut

Municipals improved for the fifth session in a row with 10- and 30-year triple-A yields falling 30 basis points since Thursday. Connecticut priced $1 billion-plus of GOs and saw yields lowered in a repricing.

Given the volatility of risk assets is likely to remain high, and the focus on the flight to safety increases, all fixed-income assets could benefit as a result, including municipals, Barclays strategists say.

The city of 55,000 is the first to be slapped with the most severe Tier IV designation of the state's Municipal Accountability Review Board oversight program.

“The racial wealth gap is wide and growing and we need innovative policies like Baby Bonds to begin addressing it right away," says Shira Markoff of Prosperity Now.

Moody's deemed the temporary gas tax holidays implemented in several states credit negative.

The Connecticut treasurer also extolled "baby bonds" as a way to improve “racial equity,” narrow the state's gap between rich and poor, and promote economic growth.

Moody's Investors Service said the upgrade reflected the university's robust, sustainable operating margins supported by consistent growth in tuition revenue.

Building on the success of its Green Liberty Bonds, a subsidiary of the Connecticut Green Bank will allow mom and pop investors to place orders for as little as $100 for Green Liberty Notes until Friday.

Triple-A yield curves were unchanged on the day and mostly have not budged but a basis point in spots since the end of November.