Muni Minute

California water bonds highlight the light holiday-week calendar.

The Golden State keeps its issuance streak alive as it get set to sell $2.1 billion of general obligation bonds later this week. This deal is primarily a refunding — a result of bonds sold in 2009 under the Stimulus Act hitting their 10-year call date.

Green bonds and sustainable offerings are on tap this week as several sales are set to hit the market. Buyers are expected to snap up the paper that aims to fund clean water, school and housing initiatives.

Investors will see municipal bonds of all stripes and shapes hit the market this week, with high-grades and high-yields competing with tax-exempt and taxable, all pricing into a declining yield environment amid recession worries.

With a mere $2.4 billion of municipal new issuance this week, investors will face stiff competition for paper.

Municipal bond buyers will see several big deals head their way this week. Taking the top spot is a $654 million deal from the Regents of the University of California to be priced by UBS while Citi is set to price the Lower Colorado River Authority's $370 million offering.

The West and East Coasts will battle it out for the top municipal deal of the week — with California coming with a $2.3 billion GO deal and NYC coming with almost $990 million of bonds.

Intel Corp. is this week’s top headline act in the municipal bond primary market as issuers in Arizona and Oregon prepare to sell $650 million of industrial and economic development revenue bonds.

The District of Columbia and two Texas issuers are coming to market with municipal bond deals that will warm the hearts of supply-starved investors.

Attention in the municipal bond market turns westward as some of the week's biggest deals will be coming from Hawaii, Washington state and the Los Angeles County Metropolitan Transportation Authority. Buyers will see the biggest issuance week of the year as $7.2 billion of deals will hit the screens.

New York's Metropolitan Transportation Authority intends to sell roughly $1.25 billion in bonds and notes this week as debate simmers over its funding sources.

Illinois and Chicago will be this week's headliners as the state comes under new leadership while the city sells the biggest municipal bond deal of the week — a $551 million offering from the Sales Tax Securitization Corp.

The municipal market and its investors are awaiting the $7.8 billion of new issuance with open arms, as the year starts with a week that's bigger than the five-day average was in 2018.

The municipal bond market winds down the year by seeing only $1 billion of new issues slated to price this week. It’s a far cry from last December, which saw a mad rush to market ahead of the new tax laws.

New York's Metropolitan Transportation Authority board intends to vote on its $16.7 billion operating budget as outyear deficits and other challenges hover.

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

2018 hasn’t been the best or most active year but things are looking up after midterm elections, with what is expected to be a more pro-muni House. Volume this year is looking like it might be the lowest since 2011, but perhaps the new year will bring an infrastructure plan, where munis are expected to be a big component.

Almost $7.5 billion of municipal bonds head into the marketplace in this holiday-shortened week.

Voters across America will be asked to approve over $75 billion of bonds in hundreds of state and local bond elections on Tuesday. Find out where the biggest requests are — and what they aim to finance.

The muni market will see volume rise in the last week of October as buyers will be treated with a billion deal from Chicago’s Sales Tax Securitization Corp. and a $714 million offering from the Department of Los Angeles airports.