Primary bond market

Top-rated municipal bonds finished stronger on Wednesday, according to traders, as issuers in Indiana and Florida pumped in some supply.

Top-rated municipal bonds were stronger at mid-session, according to traders, as market prepared to see some supply hit the screens, led off by issuers in Indiana and Florida.

Regional bond issuance slipped by 31% in the first half and volume was down sharply in Florida.

The municipal bond market is prepped to see some supply hit the screens on Wednesday, led off by issuers in Indiana and Florida.

Top-shelf municipal bonds ended unchanged on Tuesday as eight separate groups won portions of the big Texas note deal.

Refunding deals were down substantially and new money volume also slipped.

Top-shelf municipal bonds were unchanged at mid-session as the state of Texas sold the biggest note deal of the year.

Lord Abbett’s Dan Solender and Eric Friedland join the Bond Buyer’s John Hallacy to discuss the market tone, rates, sectors, and credit quality. The colleagues give a frank assessment of the landscape, including federal policy, state financial trends, relative strengths of revenue bonds and the shape of the yield curve and the outlook for rates.

The state of Texas is selling the biggest deal of the week on Tuesday — a $5.4 billion note offering, which is also the biggest short-term sale so far this year.

The Big Apple will offer about $860 million of tax-exempt fixed rate bonds, $250 million of taxable fixed-rate bonds, and $200 million of tax-exempt variable-rate demand bonds.