Primary bond market

Municipals finished little changed Wednesday as a hefty slate of new deals came to market.

The Alabama Public School and College Authority will issue nearly $1.5 billion of bonds and most of the deal will be tax-exempt new money.

Detroit is selling $80 million of its speculative grade-rated GO paper with more on tap should voters sign off on $250 million of blight borrowing.

Moody’s Investors Service revised the outlook on its Aa2 rating to negative ahead of the $96 million deal.

Municipals were mostly unchanged with a firm tone on Tuesday, according to market participants, ahead of the week's large new-issue calendar that's heavy on taxables.

The Kansas City Industrial Development Authority will price more than $600 million of bonds as the replacement of Kansas City International terminals advances.

Munis too a breather Friday after a week where yields rose by as much as 10 basis points on long-dated maturities.

Upfront savings from the $371 million deal will improve liquidity for the authority after the coronavirus-caused traffic downturn.

The airport will sell $925 million in a deal structured to lower short-run debt-service outlays as it manages through the coronavirus-driven air travel decline.

The Puerto Rico Aqueduct and Sewer Authority said it might be refinancing its bond debt with a new bond issue by the end of the year.