There are $4,886.0 million of municipal bond sales scheduled for negotiated sale next week, versus a revised $3,533.0 million that were sold this week.
Bonds scheduled for competitive sale next week total $1,090.6 million, compared with $1,234.5 million this week.
That brings total potential volume for next week to $5,976.5 million, up from total sales of $4,767.5 million this week.
(Sources: Ipreo and The Bond Buyer for next week's figures, Thomson Reuters for this week's figures.)
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
