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Issuance as of Wednesday is at $345.327 billion, a 32.7% increase over 2023. The Bond Buyer 30-day visible calendar on Monday was at $20.02 billion, the largest in nearly four years.
September 11 -
Municipal supply continues to grow as Bond Buyer 30-day visible supply sits at $20.02 billion and the municipal market will see one of the largest weeks of new-issuance at an estimated $13.35 billion, led by three billion-plus deals from Washington, D.C. ($1.6 billion), the New York City Transitional Finance Authority ($1.5 billion) and Illinois ($1 billion).
September 6 -
August's volume reached $49.174 billion in 873 issues, up 25% from 2023. August's total is above the 10-year average of $40.828 billion and is also the highest monthly total this year.
August 30 -
The calendar next week largely continues "the elevated pace of primary market volume seen since May, against a backdrop of broadly supportive fund flows (LSEG inflows for eight consecutive weeks), somewhat better dealer positions (although still heavy), mid-August reinvestment to spend, but lighter late summer attendance," said J.P. Morgan strategists led by Peter DeGroot.
August 23 -
Issuers in five Far West states increased their borrowing the first half of the year, while four saw sizable decreases.
August 23 -
The region's municipal bond volume grew by 42.4%, outpacing the nationwide 32% increase in a first-half marked by gas prepay deals and Brightline's big sale.
August 22 -
Issuers in the eight-state region sold $50.6 billion of bonds with Texas accounting for 65% of the volume.
August 20 -
Part of the surge in issuance came from issuers tapping the capital market after several years due to the inability to no longer postpone long-delayed projects and the drying up of pandemic aid.
August 19 -
Underwriting spreads rose to $7.11 in the first half of 2024 from $3.70 in the first half of 2023.
August 15 -
Data shows the average bids per competitive sale is up noticeably over the past few quarters, Justin Marlowe said, rising to 8.5 bids in Q1 2024 from 6.1 bids in Q1 2022.
August 5