Treasury prices fell Friday, dragging municipals along and discouraging the Street, which faces $6 billion of new supply this week, including $1.09 billion New York City bonds.

The market, already on tenterhooks, turned decidedly bearish Friday after a news story in the Los Angeles Times suggested that a Clinton administration would offer up an even more aggressive fiscal stimulus package than had been proposed.

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.