Secondary bond market

Municipals continued to correct, with yields on the AAA scales rising by as much as three basis points as signs point to investor pullback from current low yields.

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.

The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.

Now investors have hit the reset button on municipal credit expectations and the corresponding return in demand has been quite strong.

Moody's Investors Service says the appellate court decision could impede the state government's flexibility in dealing with coronavirus-driven budget woes.

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

Munis rallied all along the curve Thursday, with long end yields down by as much as four basis points.

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Total municipal CUSIP requests fell in July after three months of increases, according to CUSIP Global Services.

Municipal yields fell as much as three basis points on the long end of the AAA curves.

Municipal bonds were little changed on Monday ahead of this week's new-issue calendar.

Municipal bonds finished out the month on a strong note, with yields dropping by as much as two basis points on Friday.

Muni yields fell by as much as three basis points, according to readings on the AAA muni scales. However, some traders and analysts said this market is too tight given COVID-19 threats. Lipper reported $1.8 billion of inflows in the latest week.

Municipals were little changed as all eyes focused on the primary.

Municipals held firm as more new deals swarmed into the marketplace.

The lack of a significant new-issue calendar is encouraging some investors to purchase ahead of the first of the month, but others are putting buying off until the arrival of Aug. 1 redemptions.

Municipal bonds finished steady on Friday ahead of next week's $7.8 billion new-issue slate while high-grade paper trades up in the secondary. Investors are looking for stability.

Municipals finished mostly stronger on Thursday as retail investor confidence remained high for the 11th straight week. Taxable 'social' bonds for nonprofits are making their mark in the municipal space.