Nearly all The Bond Buyer’s weekly yield indexes rose this week, as the municipal market dealt with a sizeable slate of primary market issuance, and bond prices cheapened slightly throughout the week.

Michael Pietronico, chief executive officer at Miller Tabak Asset Management, said that factors weighing on the muni market this week include “the recognition that the forward calendar is picking up notably, and also recognition that the market has rallied considerably from the lows late last year, and that absolute yields may have to reverse course to get retail back in a bigger way.”

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