Friendly inflation data were the catalyst for municipal gains yesterday, and underwriters lowered yields on the majority of new deals.

The credit markets got off to a good start after the producer price index for finished goods inched up only 0.1% in October. However, when the volatile food and energy components were excluded, the index declined 0.1%,

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.