Despite agressive pricing, investors stormed into a municipal market that had sharply lower new issue supply this week, driving all indexes lower and the yield on The Bond Buyer's weekly 20-bond index to its lowest level in almost 20 years.

A robust Treasury market also boosted tax-exempts, jacking the Municipal Bond Index to an all-time high this week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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