The municipal market was unchanged to slightly weaker yesterday, as the Metropolitan Government of Nashville and Davidson County sold nearly $600 million of debt.
“It’s kind of a quiet start here. We’re just working on money that got redeemed on June 1, putting redemption money back to work. But it’s been quiet,” a trader in New York said. “People are not looking to extend themselves too far out from the yield curve. 2027 to 2028 and shorter is what most people are looking for.”