Primary bond market

Chicago and Illinois poured more than $1 billion of their high-yielding, low-investment-grade rated GO paper into the market on the same day.

Its $1.5 billion unrated deal will be sold to qualified institutional buyers to finance Florida’s privately owned passenger train project.

Deals from the NYC TFA, Chicago, Illinois, California, Maryland and Miami-Dade County help satisfy demand.

Muni rates and ratios have benefited from macro themes driving rates lower, according to a report released Monday.

Investors will see municipal bonds of all stripes and shapes hit the market this week, with high-grades and high-yields competing with tax-exempt and taxable, all pricing into a declining yield environment amid recession worries.

Almost $9 billion of municipal bonds are coming to market with deals from a variety of issuers to quench the thirst of buyers experiencing a supply drought.

The MSRB plans to roll out changes to simplify the submission process on EMMA.

The city will bring $700 million of GO bonds in a tight window after an Illinois deal and before the city's mayoral runoff election.

The deal received $3 billion in orders, allowing the finance team to trim yields.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.96 from 3.99% the week before.

Municipal bonds remained stronger on Thursday as deals from Indianapolis and California issuers came to market.

The new amendments would increase transparency and equal access to information, the MSRB said.

In the primary, Academy Securities priced the Calif. Veterans Affairs deal for retail investors on Wednesday.

Next week's Illinois GO sale will be a muni market referendum on the governor's budget, tax and pension proposals.

Municipal bond market participants will be waiting for the Fed's decision on rates and the look ahead.

Indianapolis and Marion County have tapped a new revenue pledge to back more than $600 million of bonds

The calendar leaves much to be desired for investors, as the week only brings $2.4 billion of new deals.

With a mere $2.4 billion of municipal new issuance this week, investors will face stiff competition for paper.

Munis have been grooving along but next week will bring tiny issuance, less than $3 billion, along with a Federal Open Market Committee meeting.

Preston Hollow's accusations against Nuveen of bully tactics underscore the cutthroat competition for market share.