Maria Bonello

Market participants predict modest attention for the infrequent issuers slated to enter the municipal market on Wednesday as activity for the week continues at a slow pace.

Wilmington Trust, an institutional client services and wealth advisory firm, has expanded its corporate trust business in its Boston office with the addition of three industry veterans from BNY Mellon.

It's going to be a slow week in the municipal market with a thin new issue calendar and light trading as market participants look to get their hands on paper before the end of the summer season.

The municipal market opened slowly Monday with light trading activity led by a thin new issue calendar as market participants remain starved for paper.

Volume will slip from last week, remaining lighter than usual, as an estimated $4.2 billion makes its way to market.

Market participants said with the light new issue calendar next week the big question will be "what do I do with my money?"

The Bond Buyer's muni bond indexes strengthened in the week ending Aug. 14.

Market participants are divided when it comes to the $828.3 million Port Authority of New York and New Jersey consolidated bond deal, which is expected to price for institutions on Thursday.

Market participants sense a "wait and see attitude" in the municipal bond market this week as trading activity is light.

Ziegler Wealth Management, an investment bank and brokerage that specializes in general and structured municipal finance, continued to expand its public finance team with the addition of Rolando Q. Leavell as a financial advisor with expertise in church securities.

Market participants sense a stronger tone in the municipal bond market on Tuesday despite limited activity.

The city of New York's $900 million of tax-exempt fixed-rate general obligation refunding bonds, the largest deal in the negotiated market this week, entered the first day of its retail order period on Monday.

Municipal bonds on the intermediate part of the curve outperformed long term maturities, producing a positive return with less volatility in the past 18 months, according to Granite Springs Asset Management.

The City of New York will bring $900 million of tax-exempt fixed-rate general obligation refunding bonds, the largest deal in the negotiated market scheduled for next week.

The Bond Buyer's muni bond indexes were narrowly mixed in the week ending Aug. 7.

Assured Guaranty, MBIA's National Public Financing Guarantee and Build America Mutual are combining television, radio and internet advertising with one-on-one meetings with issuers to help edge their way back into the municipal market.

Moody's Investors Service has released proposed changes in its rating methodology for financial guarantors that it said would better reflect the changes that have occurred in the bond insurance industry since 2007.

Build America Mutual's AA rating and stable outlook has been affirmed by Standard & Poor's for its financial strength.

Market participants were not fazed by the positive economic data in the employment report released on a low volume summer Friday.

The Bond Buyer's muni bond indexes were mixed in the week ending July 31.