Markets

The municipal bond market on Tuesday priced the first of the week’s big new issues, before buyers turned their focus to the high-rated, but high-yielding sales tax securitization coming from Chicago on Wednesday.

The municipal bond market saw the first of the week’s big new issues price in the primary. Buyers will see about $3.35 billion of new deals hit the screens this week, with most of the volume coming on Wednesday and Thursday.

Chicago’s Sales Tax Securitization Corp. returns to the municipal bond market this week, offering high-yielding, high-rated paper to buyers hungry for supply.

Consumers’ inflation expectations gained, according to the October Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Tuesday.

Moody's shifted the outlook on its A3 rating forSpringfield, Illinois, to negative.

Municipal bond buyers and traders expect $2.36 billion of negotiated deals and $986.4 million of competitive sales.

The Empire State Manufacturing Survey showed "business activity continued to grow at a solid clip in New York State."

Tax-exempt issuance again dominates the calendar, after a week of mostly taxable deals .

A special-purpose corporation is selling nearly $800 million to refund some of the city's lower-rated GOs.

Experts are uncertain how significant the decline in multifamily housing bond issuance in 2018 might be.