Primary bond market

The Wisconsin health system's ratings have weathered the early impact of COVID-19 on its balance sheet, although S&P revised its outlook to negative.

S&P moved its outlook on St. Louis' rating to negative due to the budgetary pressures posed by the pandemic

New York, Texas and Pennsylvania issues headline the new-issue slate.

Proceeds from the sale would go to providing direct grants to non-profit organizations.

Yields on the long end of the curve dropped as much as seven basis points while very short yields rose.

Asset managers maintain key strategies, but take advantage of post-pandemic opportunities amid overall stabilization.

Oregon's $320.4 million of taxable GO bonds were 7.7 times oversubscribed in some maturities.

Lynn Martin, president & COO of ICE Data Services, also owner of the New York Stock Exchange, talks about ICE's role in pricing, its municipal evaluation services and just how the municipal market itself is resilient. Chip Barnett, senior markets reporter hosts with another Lynn(e), innovation editor at The Bond Buyer.

The market looks forward to Thursday's $3.3 billion note deal from DASNY after handling a sizable calendar Wednesday.

Traders will be looking closely at Wednesday's FOMC meeting and whether the Fed will set target yields for some U.S. Treasury securities.

Flagship schools in Michigan, Ohio and Iowa made multiple coronavirus-related disclosures in their offering documents.

The new-issue calendar is filling up with deals formerly on the day-to-day slate, however net supply over the summer is expected to total negative $55B, including negative $15B in June, negative $21B in July and negative $19B in August.

The cities enter a primary municipal bond market prepared to absorb $9 billion of deals this week.

In secondary trading municipals ended weaker after a strong employment report.

New deals thrive and inflows continue as Lipper reports $1.2 billion into municipal bond mutual funds.

Primary market deals generated strong demand, and municipals were little changed in secondary trading.

The fragility of the economy amid protests and the continuing coronavirus threats have dealers unloading some risk.

The Wisconsin Center District deal provides some expansion financing and near-term debt relief after the agency was stung by lost conventions and tax revenue.

Wisconsin officials are still assessing the potential impact on its general fund revenues.

State and local governments have increasingly filed COVID-19-related disclosures to the market, but only about 931 issuers out of roughly 40,000 have filed over 1,500 material event notices and continuing disclosures since the pandemic began.