Illinois Finance Authority

Municipal bond yields were stabilizing on Thursday as the market saw a third day of supply hit the screens.

The municipal bond market is girding itself for a third day of a supply surge as deals from the Illinois Finance Authority, the Oklahoma Turnpike Authority and San Jose are set to come its way.

The combined Illinois-based Advocate Health Care nor Wisconsin-based Aurora Health Care would be the 10th-largest healthcare nonprofit.

The municipal bond market is looking ahead to the Thanksgiving week’s $4.2 billion new issue calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.

After a busy week filled with many new deals, the municipal bond market is looking ahead to the Thanksgiving week’s calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.

Smaller not-for-profit hospitals and systems lack the access to taxable debt markets enjoyed by bigger systems.

The Illinois Finance Authority authorized a passel of deals that would be outlawed by a GOP tax bill.

The proposed combination is the latest in a continuing wave of nonprofit healthcare consolidation in Illinois and nationally.

Top-shelf municipal bonds were stronger in late morning activity, according to traders, who are looking ahead to next week’s holiday-light calendar. Ipreo estimates total bond volume for next week at $3.86 billion.

The municipal bond market is winding up the week ahead of the three-day holiday weekend. Markets will be closed on Monday in observance of Labor Day.