Miami-Dade County

Diverse issuers from NYC to Texas to Chicago to Michigan to PA Turnpikes priced billions into the primary while the secondary again took a back seat.

Rates remain stagnant even as UST rallied Monday. Large deals from NYC and Texas issuers are on deck for Tuesday.

On Friday, municipals finished little changed, with yields remaining steady along most of the AAA GO scales.

Municipals were steady on Thursday a day after turning weaker for the first time in almost two months. Refinitiv Lipper reported $2.3 billion of inflows.

Municipal yields rose as much as four basis points on Wednesday, while new issues played the field.

Municipal bonds were steady to weaker as billions of dollars in new deals hit the screens Tuesday.

Municipals rallied Friday, with yields dropping by as much as one basis point on the long end.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

The Federal Open Market Committee left rates unchanged and looked likely to keep monetary policy on a steady course for the near term.

Municipals weakened along with Treasuries as stocks surged amid good earnings reports and economic data.