Primary bond market

Municipal yields fell as much as three basis points on the long end of the AAA curves.

Municipal bonds were little changed on Monday ahead of this week's new-issue calendar.

Minnesota’s projection of a $2.4 billion gap in the current budget cycle remains on target, but another $4.7 billion gap looms in the next two-year budget as the toll mounts for the COVID-19-induced economic shutdown and recession. The state plans to sell $1.2 billion of GOs next week.

Municipal bonds finished out the month on a strong note, with yields dropping by as much as two basis points on Friday.

Municipal issuers continue to swarm the muni market with taxable muni deals, as July accounted for $42.6 billion — the highest total for the month since at least 1986.

Muni yields fell by as much as three basis points, according to readings on the AAA muni scales. However, some traders and analysts said this market is too tight given COVID-19 threats. Lipper reported $1.8 billion of inflows in the latest week.

San Francisco International Airport will issue $291 million in refunding bonds amid belt-tightening efforts driven by a massive drop in passengers.

Mayor Bill Peduto warned of significant cuts to next year's budget if the city does not receive adequate rescue assistance.

The Metropolitan Pier and Exposition Authority named underwriters and a team to sell up to $200 million of bonds to manage pandemic-driven revenue losses.

Municipals were little changed as all eyes focused on the primary.

Prominent current and former public officials and analysts broadly agree that states and localities are headed for deep financial holes without additional and substantial federal aid.

Municipals held firm as more new deals swarmed into the marketplace.

The lack of a significant new-issue calendar is encouraging some investors to purchase ahead of the first of the month, but others are putting buying off until the arrival of Aug. 1 redemptions.

Municipal bonds finished steady on Friday ahead of next week's $7.8 billion new-issue slate while high-grade paper trades up in the secondary. Investors are looking for stability.

Municipals finished mostly stronger on Thursday as retail investor confidence remained high for the 11th straight week. Taxable 'social' bonds for nonprofits are making their mark in the municipal space.

Cyberattacks are increasingly likely as more government employees work from home due to the coronavirus pandemic, analysts said.

Chuck Peck, head of public finance investment banking at Wells Fargo, discusses how COVID-19 has changed the municipal bond market. Aaron Weitzman hosts.

Municipals were stronger on the short- and intermediate ends as long maturities held firm in quiet trading on Wednesday.

King Co., Wash., Port of Houston and San Antonio deals went up for grabs Tuesday.

Municipals stronger ahead of this week's summer supply slate as Congress debates a potential fiscal stimulus package.