Taylor Riggs

A California Redevelopment Agency came to market with refunding bonds Thursday despite recent negative news concerning the dissolution of RDAs.

Traders looked to the primary as Wells Fargo won the bid for $300 million taxable Illinois sales revenue bonds.

With most of the week's primary issuance already priced, the municipal bond market set its eyes on a $300 million auction of Illinois taxable bonds.

The municipal bond market ended mostly unchanged Wednesday as traders continued to note a divergence between demand in the primary and secondary.

Taxable municipal bond issues continued to roll out in the primary as those deals garnered more attention than many of their tax-exempt counterparts.

Several Illinois taxable deals are expected to price Wednesday coming off strong reception of a tax-exempt Illinois issue Tuesday.

The tax-exempt market looked to the high-grade competitive market Tuesday for direction as Louisiana priced $300 million of general obligation bonds in the biggest deal of the day.

The prospect of increased regulation is becoming a concern for the public power industry, experts said at the Standard & Poor's electric cooperative and public power conference.

Tax-exempt traders described the market as "apathetic" as buyers and sellers in the secondary weren't convinced to push the market in either direction.

The tax-exempt market traded softer Tuesday morning ahead of some big deals in the primary market as traders said bid lists surfaced early.

A spate of deals from Illinois should be well received this week amid increased demand for taxable bonds, improved prospects for pension reform and a drop in issuance from the state this year.

The tax-exempt market weakened Monday afternoon, following Treasuries, as traders said munis played catch-up to the selloff last Friday.

The tax-exempt market is expecting a smaller week of issuance with less than $5 billion coming to market.

After a firm week in the tax-exempt market, munis ended on a slightly weaker note Friday as better-than-expected employment data prompted a risk-on trade.

The tax-exempt market posted a strong week of gains as May 1 coupon payments provided enough demand to meet supply.

The tax-exempt market continued to see a small selloff in reaction to Friday morning's better-than-expected employment numbers.

Fixed-income markets traded much lower Friday morning as stocks rallied and the Dow Jones Industrial Average topped 15,000 on better-than-expected employment numbers.

The tax-exempt market proved it could handle a pricey, high-grade $350 million New Jersey deal following demand for a $1.2 billion Iowa fertilizer junk bond deal Tuesday.

The bond markets eyed the Wednesday afternoon Federal Open Market Committee meeting announcement that said the Fed would continue its $85 billion a month purchases.

Tax-exempts turned to the competitive market Wednesday as New Jersey is expected to price a high-grade deal following Tuesday's negotiated junk bond offering of $1.2 billion Iowa fertilizer bonds.