Buy side

The top suite of firms oversaw deals amounting to more than $139 billion par value across 58% of the market.

The top 10 underwriters for the first half of the year brought in more than $203 billion across nearly 2,000 issues.

Prices for some bonds issued for Florida's express train have fallen sharply since Friday.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.

As the end of the first half of a so-far tumultuous 2025 approaches, several municipal bond analysts are upbeat about the rest of the year.

The updated document also addresses disclosure relating to cybersecurity.

The selloff highlights the lack of accurate pricing and credit information across the speculative-grade muni market.

"The market itself should want to look at this because no one wants to give the perception of impropriety," said an investor of Stefanik's allegation that Harvard withheld material information regarding its ongoing conflict with the Trump administration.

The rock-bottom prices show the risks of a high-yield market where liquidity is famously limited.