Market Post: Traders Brace for a Sleepy Summer Friday

The week's primary calendar will grind to halt on Friday, with just one issue over $100 million set to price in the negotiated market.

Bank of America Merrill Lynch will price $100 million of Washington Health Care Facility revenue bonds on behalf of Providence Health and Service, a regional hospital, according to data provided by TM3. The deal is rated AA-minus by Standard & Poor's.

After the hospital revenue bond deal, there are no negotiated deals scheduled for Friday over $100 million. There are no competitive deals set to price on Friday, according to TM3.

The primary calendar will only get more sparse as market waits for the Labor Day weekend, after which traders expect the calendar to pick up again, as it seasonally has.

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