Munis richened on Friday, as U.S. Treasuries saw gains and equities ended higher, after weaker-than-expected employment data. That news helped munis cap off a strong week, wrote J.P. Morgan strategists led by Peter DeGroot. "The weaker payroll data appears timely given a calendar that is skewed toward the richer longer portion of the curve and the fully valued healthcare sector over the week." The Fed is unlikely to ignore this signal, and, if anything, it raises the bar for any Fed rate increases heading into the fall." The competitive calendar is led by Miami-Dade County, Florida, with $455.31 billion of capital asset acquisition special obligation bonds.