New York City is gearing up for its latest bond issuance, with a hefty $1.8 billion being made available for investors. This sizable offering is part of a larger $12 billion new-issue calendar for the week. The deal consists of two series – $1.5 billion of tax-exempt general obligation (GOs) bonds and $300 million of
Bonds
The municipal yields experienced a decline on Tuesday as the primary market picked up pace. However, this decrease in yields was overshadowed by an overall positive performance in the U.S. Treasury market. The equities market also saw a boost after the release of inflation data that was softer than expected. As a result, there was