New York City Transitional Finance Authority

Two New York issuers dominated the municipal bond market on Tuesday, bringing over $2 billion of new supply.

Two New York issuers are making their presence felt on Tuesday as they hit the market with over $2 billion in municipal bonds.

Retail buyers got first dibs on New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds

The New York City Transitional Finance Authority offered $1 billion of its building aid revenue bonds to retail buyers on Monday.

Coming off the biggest volume week of the year, another steady batch of issuance awaits muni traders.

Municipal bond buyers will see a slightly smaller slate of sales next week as supply dipped from this week’s new issue calendar.

As the New York City Council held its first hearing on Mayor de Blasio’s $88.67 billion preliminary budget, "Washington" and "Albany" loomed over the proceedings.

Comptroller Scott Stringer said the budget cushion in Mayor Bill de Blasio’s preliminary fiscal 2019 budget is inadequate to ward off any problems as New York's economic expansion slows.

The federal tax overhaul and belt-tightening at the state level cast a pall of uncertainty over the $88.67 billion preliminary fiscal 2019 budget plan.

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