The municipal market was slightly firmer yesterday, as the primary market digested its heaviest slate of long-term supply of the week, with issuers in Massachusetts, Florida, and Puerto Rico coming to market with $1.5 billion of bonds in three transactions.

"It's nice to see some supply back out there, we definitely needed some," a trader in New York said. "We're doing a bit better on the whole, and there was definitely some strong pricing on some of the new issues. There's a demand out there now, people are back from vacation, and I think people are ready to get going."

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.