Municipals closed mixed yesterday, but gains were too meager to give the market the momentum it needed to break out of a long-standing price range.

Instead, bonds chopped through the parameters of a familiar range, with a 6% long bond at the epicenter.

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.