New York State Dormitory Authority

DASNY finished the first half of 2018 as the nation’s second largest issuer with $3.2 billion in bonds sold.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

The market was quiet on Friday ahead of a $7.5 billion new issue calendar as more than $50 billion in August redemptions frees up cash to buy bonds.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.

Requests for municipal bond identifiers rose in June for the fourth month in a row as the Dormitory Authority of New York sold $1.79 billion of bonds to a supply-starved market.