Markets

Municipal bond prices remained steady as more supply hits the screens.

Rolette County affirmed its commitment to make a July jail lease payment as Moody's reviews the impact of the temporary jail closure on the county's books.

Washington State pulled a note deal after a glitch resulted in two-thirds of bidders not seeing a couponing instruction.

Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.

The top 10 saw three firms that were not in it last year and only one firm remained in the same position compared to the previous year's first six months.

Municipals showed strength Tuesday in the face of new supply as long yields dipped as much as two basis points.

Restoration of tax-exempt advance refunding might be inserted into the Senate's coronavirus relief package.

They contribute more than $77 billion annually, or 9.4% of city economic output, according to the city comptroller.

Municipals finished little changed ahead of this week's new-issue slate while retail investors are coming back into the market.

Analysts remained concerned about the employment numbers as some states had to postpone or reverse some reopening plans.