Municipal bond funds

The municipal bond market is set to see a chunky new issue calendar this week: $7.85 billion.

The influx of volume may give the boost that's needed to jump-start the primary market.

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.

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

A day after seeing the market rally and strengthen by five basis points on the long end, munis were quiet and flat ahead of another week of lackluster volume.

After back to back weeks of decent issuance, the primary muni market will get with a reality check of weekly issuance below $3 billion, thanks mostly to continued tax reform fallout.

Supply plunges for the upcoming week, with Ipreo estimating volume at only at $2.9 billion, down from this week’s revised total of $5.0 billion, according to updated data from Thomson Reuters.

A spate of deals priced, as investors put more money into long-term municipal bond funds.

More supply hit the municipal bond market on Thursday as JPMorgan Securities won a sale from a rarely seen New York issuer and Morgan Stanley priced a big Florida deal.

Coming off the biggest volume week of the year, another steady batch of issuance awaits muni traders.