Several new issues pricing Monday lured retail buyers into the municipal bond market as yields fell with Treasuries. Munis were stronger for a second session, extending gains following Friday’s worse-than-expected employment report.

Muni yields ended one to two basis points firmer, traders said, as the largest deal in the negotiated market priced for retail investors.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.