Primary bond market

On the day the Federal Reserve left rates unchanged, Oregon's Metro sold taxable GOs.

The Philadelphia deal saw robust demand from muni bond buyers on Tuesday.

Municipal bond sales sank 28.2% from April 2018 as issuers awaited clarity on federal infrastructure plans.

The municipal bond market is waiting with anticipation for this week's new issues.

Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.

The new mayor and council will take office after a bond issue resolves a longstanding back-pay lawsuit that the departing mayor once said threatened bankruptcy.

The P3 market is growing and state and local governments are taking note.

Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.

In the week ended April 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.89% the previous week.

Municipal bond buyers saw the last of the week’s new issues come to market on Thursday with action dominated by several large California water issuers.

The city and county agreed to extend a hotel/motel tax to support bonds for a $175 million expansion.

More municipal supply hit the market on Wednesday with the University of Connecticut’s $240 million general obligation deal attracting interest.

The city moved up its bond notice and document postings in response to a BondLink report saying investors want more time to review deals.

Municipal bond analyst Natalie Cohen succeeds former Pennsylvania Gov. Ed Rendell, who now joins the bond insurer’s Strategic Advisory Committee.

Municipal bond buyers faced a wide variety of securities that came to market on Monday.

Action got underway in the primary on Monday as an Iowa school district sold over $100 million of general obligations.

A $1.6 billion note deal from the New York State Thruway Authority this week will roll over an issue sold in 2013 as part of a financing for the $4 billion Mario Cuomo Bridge.

S&P Global Ratings downgraded the University of Connecticut to A-plus from AA-minus.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.89% from 3.88% the week before.

Next week’s calendar should benefit from timing and availability coming on the heels of both the income tax deadline and the holiday-shortened week.