Municipals were better across the curve with the largest bumps out long Wednesday, moving the 30-year down 11 basis points in two days, while U.S. Treasuries were slightly better and equities saw modest gains. … Buyers appeared to return to the market the past two sessions after the January correction moved yields and ratios higher. Secondary trading was up again on Wednesday and new deals were well-received. Secondary trading showed clear moves to lower yields, particularly out long.
Source: The Bond Buyer
