Municipal Bonds Weaker on Long End, Primary Picks Up Speed.

A new-issue supply-focused buy-side had their sights on the $8 billion-plus expected to enter the primary market this week, while municipal traders remained cautious, keeping an eye on bid-wanted lists in the secondary market, tax-exempt professionals said. Municipals were steady to weaker in spots as the primary market picked up, while U.S. Treasuries were a little better and equities sold off. [Extracted from the article]