Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.
The last of the week’s big municipal bond deals came to market on Thursday – both from California issuers – as municipals finished weaker in secondary trading.
Top-shelf municipal bonds ended mixed on Friday ahead of a smaller-than-average new issue calendar that is dominated by a variety of offerings from the Dormitory of the State of New York.
