Municipal bonds weathered yesterday's various storms, bouyed by good technicals, while $425 million New Jersey Turnpike Authority bonds were reported oversubscribed with a 6.943% maximum yield.

The market got an early-morning shock when the Soviet news agency, Tass, reported that Soviet President Mikhail Gorbachev had been deposed.

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.