Supply for the holiday-shortened week is $4.8 billion. Municipals performed the worst since 1980 in the first quarter of 2022, but some analysts see the pain subsiding.
Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.
Federal prosecutors told a jury Monday that a former Goldman Sachs executive pocketed $35 million in "secret kickbacks" in the multibillion-dollar ransacking of a Malaysian state investment fund, accusing the banker of playing a "crucial" role in the massive money laundering and bribery scheme.