The Massachusetts Development Finance Agency and Phoenix Civic Improvement Corp., were among issuers taking advantage of steady yields ahead of the FOMC meeting and Trump's nomination for Fed chair.
Municipals were steady on Tuesday around midday, as market participants saw the first wave of new paper hit, with deals from Montgomery County, Md., and the Phoenix Civic Improvement Corp.
Municipals were little changed in early activity as the market gets ready to see almost $7 billion of new paper come its way this week, led by issuers from Virginia and Maryland.
Municipal bonds ended unchanged on Friday as the market geared up for a more manageable new issue calendar, led by Montgomery Co., Md., and the Virginia Small Business Financing Authority.