Finance

Municipal bonds were trading weaker at mid-session, according to traders, who were awaiting the start of this week’s $8.26 billion new issue slate.

Municipal bond market participants are looking at this week’s $8.26 billion new issue slate, which is dominated by a big California healthcare issuer. This week’s calendar is composed of $6.51 billion of negotiated deals and $1.75 billion of competitive sales.

The municipal market is set to see a bump in new supply next week, something that market participants have been craving.

The Iowa fertilizer project used more than $1 billion of private-activity borrowing.

Virginia’s budget imbalance stemming from soft revenue growth and spending down its savings led S&P Global Ratings to revise the outlook to negative on the state’s AAA general obligation rating.

YAKIMA, Wash. -- The city of Yakima's bond rating was recently downgraded due to what experts say is a weaker economy and less financial flexibility. But city officials aren't too concerned.

Municipal bonds were unchanged at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. Ipreo estimates volume at $8.26 billion, up from a revised total of $5.94 billion this week, according to updated data from Thomson Reuters.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP increased their leads in the municipal bond insurance and bond counsel rankings in the first quarter, as political uncertainty and higher interest rates cut into the volume of transactions.

The rating pains of Illinois' public universities took a turn for the worse.

S&P Global Ratings said it has revised its outlook on Virginia's general obligation, appropriation-backed, and moral obligation debt to negative from stable.

Municipal bond market participants are looking ahead to next week’s new issue slate, which is dominated by a big California healthcare issuer – bringing both corporate and tax-exempt debt.

California’s big bond offering came to market on Thursday and was well received by buyers, according to traders. In secondary activity, municipal bonds finished weaker.

A study criticized California spending on charter schools.

California’s big taxable bond offering hit the market on Thursday as municipal bonds weakened in secondary trading.

Municipal bond traders are set to see the biggest deal of the week hit the screens on Thursday – the state of California’s $1 billion-plus taxable bond offering.

The majority of California redevelopment agencies rated by Fitch saw upgrades.

Top-quality municipal bonds finished mixed on Wednesday, traders said, as more supply slipped into the market.

A judge delayed a hearing on the expenditure of California high-speed rail proceeds.

Top-quality municipal bonds were mixed at midday, traders said, as more supply slipped into the market. Traders were also watching yields, which have been trending downward.

After a day filled with new deals, the municipal bond market will see another session of supply on Wednesday with big offerings from Pennsylvania and Arizona on tap.