Taking advantage of lower interest rates, Massachusetts and Connecticut tapped the municipal market yesterday, offering more than $1 billion in securities, while secondary prices were unchanged in light trading.

A 27-member account led by senior manager First Boston Corp. reported the Massachusetts issue, which included $501 million general obligation refunding bonds, over-subscribed on "key maturities."

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.