Municipal investors were faced with a widely varied menu of new deals yesterday, and for the second straight day they chose carefully and consumed almost $1 billion in new issues.

Although there were more large deals priced on Tuesday, the tax-exempt market absorbed an array of medium-sized deals yesterday, highlighted by a $310 million issue marking Puerto Rico's return to competitive sale.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.