State of Connecticut

The municipal bond market will see almost $7.9 billion of new deals head their way next week, as New Jersey tobacco's dominate the calendar.

The municipal market was winding up the week on a tentative note as Connecticut offered its general obligations to institutional investors.

Municipal bond buyers were getting a piece of Connecticut's general obligation bond deal on Wednesday.

Municipal traders said the market was slightly firmer on Tuesday, though a lack of new supply was still curtailing opportunity for investors.

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

Municipal bond buyers are seeing some supply hit the market on Tuesday as they look ahead to next week for the biggest deal of the year to date.

As muni investors looked ahead to another week of limited supply, a report from BlackRock recommended taking a flexible strategy.

The municipal bond market on Monday is eyeing this week's small holiday calendar of new issues, which is dominated by taxable deals.

Municipals will see yet another week of sub-$4 billion issuance, as taxables take the top spot on the calendar.

The state, after multiple rating downgrades and facing budget strife, declining revenue and a pension funding dispute, plans a GO new-money and refunding sale.