Hillary Flynn

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose five basis points the week ending Oct. 23 to 4.33%.

The $1.4 billion San Joaquin Hills Transportation Corridor Agency was able reprice its senior lien toll road refunding revenue bonds at lower yields because of buyers' heavy demand for triple-B paper, traders said.

The municipal market's rising yields have starting impacting the pricing of lower-rated deals coming to market, traders said.

Wednesday promises to be another busy day in the primary, with the largest deal of the week, the $1 billion San Joaquin Hills Transportation Corridor Agency, scheduled for pricing.

Jumping municipal bond yields on Tuesday helped the performance of lower rated deals in the primary market, while hurting some of the triple-A rated sales, market participants said.

The municipal market's sell-off is negatively impacting primary deals pricing on Tuesday, market participants said.

A slew of issuance is scheduled to come to market Tuesday. There's a little of everything in the primary for investors with several BBB credits expected to be priced, as well as some highly rated competitive issuances.

The $1 billion sale of San Joaquin Hills Transportation Corridor Agency, Calif. bonds scheduled to price on Wednesday is the "hot" deal of the week, traders say.

Lumesis and Municipal Bond Information Service have entered into a strategic partnership to increase the transparency around pre-trade indicative price information, and post-trade operational practices.

This week's jump in volume will boost the performance of deals priced in the primary, market participants said.

Moody's Investors Service released a report saying transparency in the municipal market has been diminished by the growth of bank loans and private placements.

Inflows into municipal market funds dropped this week by 41.7%.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped nine basis points the week ending October 16 to 4.28%

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Municipal bonds will come priced even more aggressively in the primary next week, market participants said.

The benchmark Puerto Rico general obligation 8s in 2035 yield jumped to its highest level since July after the Commonwealth's Government Development Bank sold $319.05 million of notes Thursday evening, according to data provided by Bloomberg.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points in the week ending Oct. 9 to 4.37%.

Inflows into municipal mutual funds more than tripled this week.

The municipal market's strength on Thursday bled into the primary and allowed the larger deals to reprice at lower yields.

The $450 million L.A. Water and Power deal benefited from the municipal market’s strength on Thursday, and yields were lowered during the bonds institutional sale.