Municipal prices were mostly unchanged in quiet trading yesterday, while a $105 million Nassau County, N.Y., offering dominated a light new-issue calendar.

Overseas stock markets tumbled overnight, and the weakness spilled into the New York stock market open. As stock prices declined, Treasury prices improved. The 30-year Treasury bond eked out 1/4 point gains, but municipals remained unchanged.

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.