Primary bond market

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.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, inched up to 4.26% from 4.25% the week before.

The muni market continued to weaken the day after Chicago pulled the biggest deal of the week.

The bonds for IndyGo are secured by a .25% local income tax approved by Marion County voters two years ago.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

Munis will see the last weekly issuance roll in - as the past few days hasn’t gone as planned, with rising yields and rocky market conditions causing the biggest deal of the week to postpone the deal.

Under the mPower program, loans for energy retrofits are bundled into a revenue stream to back structured bonds sponsored by Placer Co., Calif. The program’s goal is in the spirit of energy efficiency and environmental sensitivity – a well-established policy in the state. Jenine Windeshausen, the county's Treasurer-Tax Collector and the county’s municipal advisor Kenneth Dieker of Del Rio Advisors review the program. John Hallacy is host.

Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.

Adverse market conditions delayed the $1.3 billion deal from Chicago’s Sales Tax Securitization Corp.

The $33.4 billion of issuance — the second-biggest monthly total of the year — did little to raise hopes for a fourth-quarter resurgence.

The deal’s underwriter cited "market conditions," confirming Chicago’s deal was placed on day-to-day status.

The busiest day of the week, and a good test for the market, lies ahead.

Moody's Investors Service upgraded LAX ahead of the deal, bringing the subordinate bonds to the AA-minus level across the board.

The defense team accused the SEC of a "gross abuse of power."

The Massachusetts Housing Finance Agency priced a $79 million refunding sale of Series 2018C taxable housing bonds.

The muni market starting saw a steady stream of issuance of Tuesday, preceding a big wave of deals that are expected on Wednesday.

The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.

Nineteen deals on the schedule are $100 million or larger, including the $1.3 billion Chicago securitization transaction.

The first meeting for several new board members included discussions with other regulators and groups, the MSRB said Monday.

The municipal bond market is gearing up for what should be a busy week, with a bunch of good sized deals and one mega deal.