New York City Transitional Finance Authority

The New York City Transitional Finance Authority said it plans to sell $850 million of tax-exempt fixed-rate future tax secured subordinate bonds on Wednesday, Oct. 18. There will be a two-day retail order period starting on Monday, Oct. 16.

Bank of America Merrill Lynch held its No. 1 ranking among municipal underwriters as the biggest firms battled for deals in a shrinking market for new issuance.

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 big hit 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.

Top-shelf municipal bonds were unchanged at mid-session, according to traders who are looking ahead to next week’s new issue slate, which is estimated at $6.7 billion.

Municipal bond traders are looking ahead to the weekend — and waiting for next week’s lighter new issue slate.

Top-rated municipal bonds finished mixed on Tuesday, traders said, as a New York City issuer sold over $1.5 billion in six competitive offerings.

Top-rated municipal bonds were mixed at mid-session, traders said, as a New York issuer sold about $1.5 billion in six competitive offerings.

About $2.5 billion of bonds are coming from just two issuers on Tuesday, as the market gears up for big competitive sales from New York and a large negotiated deal out of Ohio amid various other deals from around the country.

Top quality municipal bonds finished mixed on Monday, according to traders as the first of the week’s big new issues came to market out of the Midwest.

On a quiet Monday where there is only one deal pricing for retail investors, municipals were mixed although some maturities on the long end were as much as one basis point higher, according to traders.

The municipal bond market is gearing up for about $7.3 billion of new supply this week, with $2.51 of that coming from two issuers.

Primary municipal bond market volume is expected to inch up to $7.3 billion, as analysts expect the muni market to stay on a path of suppressed supply and deep demand.

The New York City Transitional Finance Authority will competitively sell $1.35 billion of Fiscal 2018 Series A future tax secured tax-exempt and taxable subordinate bonds and about $162 million of Fiscal 2018 Series 1 fixed-rate tax-exempts on Aug. 8.

Municipal bond traders are returning to work on Monday set for the week’s $7.66 billion new issue calendar. The slate is composed of $3.99 billion of negotiated deals and $3.67 billion of competitive sales.

Top-shelf municipal bonds were stronger at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. which Ipreo estimates at $7.66 billion.

Municipal bond traders are waiting to see how much volume the market will encounter next week as they eye volatile muni yields.

The New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day with the bonds being priced for institutions on Tuesday.

The pricing on the New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day as top-quality municipal bonds turned mixed on Tuesday.