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Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.
November 4
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The only major deal slated on the calendar, the Maine Turnpike Authority, came to market on Tuesday.
November 3
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Municipals were weaker in the 10-year range by as much as one basis point on Monday as all eyes fixate on election results.
November 2
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From feast to famine, ahead of the elections, the new-issue slate dries up while the secondary held steady.
October 30
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Long-term municipal bond volume is on pace to set a new record of yearly issuance, thanks in part to issuers rushing to market before the election and a continued taxable boom.
October 30
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New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.
October 29
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Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.
October 28
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South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.
October 28 -
In an all new money deal, North Carolina plans to issue debt for its Build NC statewide transportation financing program.
October 28
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Municipal bonds were steady to stronger on Tuesday. Taxable issuance continues its record growth, putting overall issuance on pace to be the largest year on record.
October 27
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Municipals were in a holding pattern ahead of this week's $15.8 billion new-issue slate as issuers pour debt into the market and investors remain cautious ahead of election results.
October 26
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The deal is being wrapped with insurance and $300 million of the $434 million offering is supported with the state government's moral obligation backing.
October 26
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The Central Texas Regional Mobility Authority will sell $333 million of bonds and notes.
October 26
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"We have no need for cash-flow relief or restructuring," said the treasurer of Dallas Area Rapid Transit, which continues to expand its rail services.
October 26
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Municipals held firm Friday as the market gets set for another week of hefty supply. Citi anticipates $550 billion in 2021, led by surge in taxable issuance.
October 23
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Municipals were little changed on Thursday as the supply surge continued ahead of the U.S. elections.
October 22
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The No Place Like Home bonds, backed by a long-standing income tax surcharge, fund supportive housing for homeless people with mental health issues.
October 22
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The current deal deluge is causing a minor yield pullback, but levels have been steadier than many probably thought, trader said.
October 21
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Favorable sale results compared to recent secondary trading levels prompted MMD to narrow Illinois' spreads on average by 10-30 basis points across the curve with the short-end seeing the biggest improvement.
October 21
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CommonSpirit's deal marks the next phase in managing the combined debt porfolio of CHI and Dignity.
October 20
