New York City Municipal Water Finance Authority

Competitive sales from the states of Washington and Wisconsin and negotiated deals from New York and Illinois issuers dominated Tuesday’s new issue slate.

New York and Illinois deals top Tuesday’s new issue slate as municipal bond traders get ready to gobble up some deals in the primary.

Developments on the tax reform front were not far from municipal bond traders' minds as they saw the first of the week’s new issues hit the screens on Monday.

Estimated total bond volume for the week is $9.897 billion, which consists of $6.644 billion of negotiated deals and $3.253 billion of competitive sales.

Municipal bond traders will see a chunky new issue calendar this week as the market’s focus will be on Washington, where Congress will continue to work on tax reform legislation.

The municipal market will get another healthy dose of issuance in the final full week before Thanksgiving. The calendar is chock full of deals from Illinois, as all issuers look to price bonds before the tax laws change.

Deals came in waves in the busiest day of the week Wednesday, with the market firming and most issuers able to lower yields.

JPMorgan Securities won the week’s largest bond deal — Pennsylvania’s $974 million of general obligation bonds. In secondary trading, municipals were stronger at midday.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be headlined by deals from a New York State issuer.

Top-shelf muni yields were mostly unchanged to close out a busy Tuesday, according to traders, as the Texas Water Development Board's billion dollar deal highlighted a busy day.

Top-shelf muni yields are unchanged around lunchtime according to traders, as the market is seeing a multitude of pricings coming in non-stop.

Municipal bond market participants are ready for the flood of pricings expected on Tuesday, on what should be the busiest day of the biggest volume week the market has seen since June.

Top-shelf municipal bonds finished Monday mostly unchanged, as municipal market participants geared up for the busiest week since June.

Top-shelf municipal bonds were mostly steady around lunchtime on Monday, as municipal market participants are gearing up for the busiest week in a while.

Municipal market participants are gearing up for the busiest week in a while, as they prepare to see nearly $10 billion of new issuance.

Top-rated municipal bonds finished weaker on Wednesday, according to traders, after the Federal Open Market Committee as expected left rates unchanged at a 1% to 1.25% range.

Top-rated municipal bonds were unchanged at midday, according to traders, who were in a wait-and-see mode as the Federal Open Market Committee gets set to announce its decision on interest rates.

Top shelf municipal bonds were unchanged at mid-session as traders prepared for next week’s almost non-existent new issue calendar. Ipreo estimates volume at $130.4 million, down from a revised total of $6.02 billion sold this week, according to updated data from Thomson Reuters.