Municipal bond funds

Chicago is coming to market Thursday with its delayed sales tax securitization bonds.

With new optimism for the future of munis following the midterm elections, an active week is in store.

Municipal bond supply takes a big leap forward during next week’s holiday-shortened trading since markets are closed on Monday for Veterans Day.

Munis ended stronger on a day when activity was muted ahead of the Fed leaving rates unchanged.

The muni market was weaker again Friday, as yields followed Treasurys higher after government data showed strong job growth.

The muni market continued its recent trend of weakening everyday, while the October labor data was strong, with nonfarm payrolls jumping to 250,000 versus the expected number of 190,000.

Municipal bond supply takes a leap forward next week as Chicago’s Sales Tax Securitization Corp.’s $1.31 billion deal headlines the new issue calendar.

Municipals remained mixed as deals from Phoenix airport and Chicago issuers came to market.

Municipals were mostly stronger at mid-session as the last of the week’s big deals came to market.

Weekly bond volume is forecast to fall to $5.9 billion from $10.3 billion in the prior week.