The municipal bond market will see $3.35 billion of new deals hit the screens next in a holiday-shortened week. Ipreo estimates weekly volume at $3.35 billion, up from $3.12 billion this week.
The municipal bond market is gearing up for a lighter-than-average new issue calendar in a holiday-shortened week, with about $3.35 billion of bonds slated for sale.
The municipal bond primary market returned to life as issuers in Massachusetts, Virginia and Minnesota offered new tax-exempts to bond-hungry investors.
Bank of America Merrill Lynch and TD Securities won the bidding for Massachusetts’ $600 million of general obligation bonds while Citigroup won the gilt-edge Fairfax County, Va., bonds.
The municipal bond market springs to life on Tuesday as several large competitive sales hit the screens, led by issuers in Massachusetts, Virginia and Minnesota.
The municipal bond market was quiet Monday as traders waited for this week’s new issue sales to get underway with competitive deals on Tuesday from Massachusetts and Fairfax County, Va.
The municipal bond market on Monday is patiently waiting for this week’s new issue sales to get underway with competitive sales on Tuesday from Massachusetts and Fairfax County, Va.
