Markets

Morgan Stanley won the auction for both tranches of $261 million of debt.

Existing home sales fell 0.4% to a seasonally adjusted 5.43 million-unit rate in May.

While aversion to an inverted yield curve is strong in the municipal market, an inversion isn’t yet a foregone conclusion.

The U.S. current account deficit widened to $124.1 billion in the first quarter from a revised $116.1 billion gap in the previous quarter.

Municipal bonds were ending stronger on Tuesday as several large, high-grade deals led by Georgia and Denver swept into the market.

The number of muni market dealers has fallen off even as trading activity remained stable, an MSRB report finds.

The authority, one of the largest municipal issuers, will substitute a Bank of Tokyo-Mitsubishi letter of credit with State Street.

Municipal bonds were stronger on Tuesday as several large deals swept into the market.

The pace of housing starts rose 5.0% to a 1.350 million seasonally adjusted annual rate in May as building permits fell 4.6%.

Municipal bonds held firm on Monday ahead of the week’s two biggest deals on opposite ends of the credit spectrum.