Illinois Finance Authority

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.

The par value of muni underwriting fell for the top five firms as volume receded from the 2016 record.

The municipal bond market is looking ahead to next week’s $3.3 billion new issue slate which is dominated by GO sales from Massachusetts and taxable negotiated deals.

After a week that saw few deals come to market, municipal bond traders will see the calendar perk up a bit next week as several issues of size are set to hit the screens.

Ingalls Health System in south suburban Chicago was downgraded one notch to Baa3 by Moody's Investors Service.

The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

The municipal bond market will see a second week of chunky new issuance, with almost $20 billion of new deals lining up for sale.

The municipal bond market was one again looking at an above-average calendar for next week, with negotiated supply alone coming in at over $17 billion.

More municipal bond volume hit as muni yields began to stabilize after a five-session decline.