Metropolitan Transportation Authority

Municipal bonds were mixed at mid-session as the New York Metropolitan Transportation Authority’s green bond sale headlined Tuesday’s new issue slate.

Municipal bond traders will see the bulk of the week’s new issue slate hit the screens on Tuesday, with the New York Metropolitan Transportation Authority’s green bond sale leading the way.

Top-rated municipal bonds finished weaker on Monday, traders said, as the New York Metropolitan Transportation Authority offered almost $600 million of green bonds to retail buyers.

Top-rated municipal bonds were weaker at mid-session, traders said, as the New York Metropolitan Transportation Authority offered almost $600 million of green bonds to retail buyers.

The municipal bond market is set for the start of the week’s smaller-than-average new issue calendar. Volume for the week is estimated at $4.72 billion, consisting of $3.71 billion of negotiated deals and $1.01 billion of competitive sales.

Weekly volume in the primary municipal bond market is expected to drop below $5 billion for the third time in five weeks.

Joseph Lhota repeated his call for New York City to contribute to the triage plan.

The plan would toll East River bridges and charge motorists within certain parts of Manhattan, with an eye on funding transit.

The mayor touted his millionaire's tax while his Democratic challenger backs congestion pricing.

A Big Apple summer serves as a reminder of the need to invest in the grid.