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Active primary, constructive secondary push muni yields lower
The Investment Company Institute reported investors pulled $6.243 billion from muni bond mutual funds in the week ending June 15.
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Steadier tone ahead of larger new-issue week
The lighter calendar may help ease the imbalance between demand and supply, as selling pressure in the secondary has weighed significantly on the market tone.
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Munis end steady after volatile week; uptick in supply coming
Investors will be greeted Monday about $6.4 billion of new issuance led by triple-A Georgia general obligation bonds and Los Angeles notes.
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