The municipal market was mostly weaker yesterday, with long-end yields higher by as much as three to five basis points, as Puerto Rico came to market with the week’s largest transaction.

Traders said that while tax-exempts yields were higher by about three basis points overall on the long end, bonds maturing inside of 20 years were fairly unchanged.

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.