Markets

Prices paid remain elevated, while the future outlook sank.

Muni issuance will pick up next year, said George Friedlander, managing partner of Court Street Research Group.

Municipal market volume will rise by two-thirds to $7.45 billion in the coming week, led by a $2 billion taxable deal from California.

KeyBanc will price $162.5 million in revenue bonds for the King County Housing Authority Tuesday.

Build America Mutual, the only mutual insurer of U.S. municipal bonds, has a collateralized reinsurance agreement with Fidus Re Ltd. that will also add to its internal growth.

U.S. job openings pulled back in February from a near-record in the previous month, as employers had some success in filling vacancies and became more reluctant to dismiss workers.

California’s $2.2 billion taxable sale is in the spotlight as the market gets set for a $7.5 billion supply slate.

The bonds will finance projects in the UConn 2000 Infrastructure Improvement Program, a $4.6 billion, 32-year initiative.

The University of Michigan's preliminary April consumer sentiment index reading was 97.8.

In the week ended April 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged at 3.99% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.