Munis improve ahead of holiday; issuance grows to $7B

“The market has had a solid tone to it recently even with the strong rally seen this month,” Roberto Roffo, managing director and portfolio manager at SWBC Investment Management, said of the Nov. 10 rally where municipal yields in 10 years fell by as much as 40 basis points.

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September sees first month of YOY supply growth

September’s total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month’s total is lower than the $30.652 billion 10-year average, according to Refinitiv data.

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Munis improve, NYC TFA retail prices

The back half of July is starting “much like the front half with ongoing UST volatility and municipal supply staying in the forefront,” said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

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