Chip Barnett

For the eighth week in a row, municipal bond funds reported outflows, bringing to 11 out of 26 weeks this year the funds have seen cash withdrawals.

Prices of top-quality municipal bonds finished unchanged on Wednesday, traders said, as Stifel priced the city of Los Angeles' $1.4 billion of tax and revenue anticipation notes while Bank of America Merrill Lynch priced the state of Massachusetts’ $955 million of general obligation bonds for institutions.

Prices of top-quality municipal bonds were mixed at mid-session, traders said, as yields on some maturities were steady to up by as much as one basis point.

Lumesis introduced a new product available on Ipreo’s platform to help municipal bond underwriters navigate the new regulatory landscape.

For the seventh week in a row, municipal bond funds reported outflows, bringing to 10 out of 25 weeks this year the funds have suffered cash withdrawals.

Prices of top-rated municipal bonds were higher at mid-session, traders said, as yields on some maturities fell by as much as three basis points. In the primary market, Baltimore County, Md., sold two high-quality issues totaling $168 million in the competitive sector.

Municipal bond traders were waiting for new supply to come to market as they watch yields on top-rated munis move lower.

Prices of top-shelf municipal bonds ended higher on Monday, traders said, with yields on some maturities falling by as much as two basis points. In the primary market, the New York City Transitional Finance Authority’s held the first of a two-day retail order period for its $750 million bond deal.

Prices of top-shelf municipal bonds were higher at mid-session, trader said, with yields on some maturities falling by as much as three basis points.

Volatile muni yields coupled with the trepidation surrounding a Federal Open Market Committee meeting seem to have put a damper on new issuance as volume for the coming week is estimated at $6.72 billion, according to Ipreo and The Bond Buyer.

There was a lot happening in the new issue market during the week as about $7.36 billion of new supply hit the market. Grabbing the most attention were several deals from down South, including the state of Georgia, the County of Miami-Dade and the city of Atlanta.

Prices of top-shelf municipal bonds were higher at mid-session, trader said, with yields on some longer-dated maturities falling by as much as three basis points.

The municipal bond market was catching its breath after a week of heavy competitive sales and is now turning its gaze to the upcoming week's supply.

For the sixth week in a row, municipal bond funds reported outflows, bringing to nine out of 24 weeks this year the funds have suffered cash withdrawals.

This year’s surge in municipal bond new issuance may be starting to slow down, according to a by CUSIP Global Services, which tracks requests for new security identifiers.

The municipal bond market is set on Tuesday for five competitive deals coming from the state of Georgia worth around $1.3 billion. Traders will be watching muni yields, which have recently been trending higher.

Prices of top-shelf municipal bonds finished slightly stronger on Monday, as traders kept one eye on the week’s new issue slate and another eye on the direction of muni yields.

Prices of top-shelf municipal bonds were mostly higher at mid-session, as traders keep one eye on the week's $7.3 billion new issue slate and another eye on yields.

The municipal market was looking ahead to next week's slate of bond issues, led by issuers in Georgia and New York.

For the fifth straight week, municipal bond funds reported outflows, bringing to eight out of 23 weeks this year the funds have suffered cash withdrawals, according to the latest Lipper data.