The municipal bond rally marched on Wednesday as volatility in the stock market drove cash into safe assets despite a large range of deals entering the market.

“Buyers have a lot of money to put to work,” a trader in New York said. “There were all sorts of buyers and even a few funds in there today.”

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.