New York State Dormitory Authority

A reversal of fund flows and the arrival of the economic aid for states and local governments helped boost the market's morale ahead of $10 billion in new-issues supply this week.

Municipals largely ignored the moves to higher yields in U.S. Treasuries as participants await the largest new-issue calendar of 2021 and big-name deals out of New York and Illinois.

Skeptics ask whether New York's governor is overplaying the Washington hand and how the state can improve its own lot.

The Puerto Rico Aqueduct and Sewer Authority said it might be refinancing its bond debt with a new bond issue by the end of the year.

Municipal bond issuers are coming market at a 26.2% faster pace than they were at this point last year.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

Long-term munis strengthened as investors bank on recoveries and navigate an uncertain credit landscape.

State University of New York refinancing could offset lost revenues from expected declines in student housing revenue stemming from the COVID-19 pandemic.

Municipals finished little changed ahead of this week's almost $14 billion of new issues.

Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.