Primary bond market

Attention in the municipal market turned to the short-term sector on Thursday.

Billions in new paper came and went just as quickly, with yields dropping from preliminary to final pricing for most of the bigger transactions.

The first of this week’s new paper hit the street with deals continuing to produce lower yields and oversubscription.

Texas expects to see sizable savings by refunding general obligation bonds for water programs across the state.

The municipal bond market got stronger still as yields continue to go lower and muni/Treasury ratios decrease, ahead of $6.8 billion of new paper.

Municipal bond market participants are keeping one eye on the sale calendar and the other on the equities market.

In the week ended May 9, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.78% from 3.82% the previous week.

Transportation issues took center stage in the muni market on Thursday.

Scarce high-yield supply is creating challenges for muni fund managers.

Municipal bond buyers saw more deals come to market on Wednesday as muni yields held in at lower levels.

Municipal bond buyers saw several large competitive deals come to market on Tuesday.

The 30-day net supply is now at negative $17.2 billion, a muni strategist said on Monday.

The issuer launched a new investor relations website in advance of its bond sale Tuesday.

Taxable municipal bonds have been in the spotlight of late and investors are eating them up.

The University of Texas System will bring $386.8 million of refunding bonds to market this week.

Sometimes you can get what you want as well as what you need as muni buyers get set to see $6.5 billion of new issues.

The Securities Industry and Financial Markets Association said to manually input the data would require more time and staff.

Baltimore's $85 million general obligation bond deal is expected to sail into the municipal bond market without fallout from the resignation of the mayor.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.82% from 3.87% the week before.

Bond buyers saw the Massachusetts EFA and Milwaukee as the last new deals closed up shop.