Oklahoma Turnpike Authority

The municipal bond market will see a second week of chunky new issuance, with almost $20 billion of new deals lining up for sale.

The municipal bond market was one again looking at an above-average calendar for next week, with negotiated supply alone coming in at over $17 billion.

More municipal bond volume hit as muni yields began to stabilize after a five-session decline.

The municipal bond market is girding itself for a third day of a supply surge as deals from the Illinois Finance Authority, the Oklahoma Turnpike Authority and San Jose are set to come its way.

There’s no rest for the weary as more deals are set to hit the municipal bond market on Wednesday, topped off by offerings from San Jose and Chicago.

A portion of the Oklahoma Turnpike Authority's $410 million deal may well be its last advance refunding.