Municipals ignored the Treasury market rally yesterday and fell lower, as supply continued to hamstring the Street.

The losses followed a severe sell-off in the credit markets on Tuesday, when municipals fell as much as 1 1/4 points, thanks again to heavy supply pressure and a weak government market.

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.