The Bond Buyer’s weekly yield indexes mostly declined this week, as a firmness permeated the market through each session.

“You still have a fair amount of cash available for tax-exempt purchasing due to coupon payments that were received in the first part of July, versus the relatively low supply,” said Howard Mackey, president of the broker-dealer division of Rice Financial Products. “So those have been some of the major factors that have kept muni prices high. Yields are at relatively low levels.”

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.