Primary bond market

While the municipal bond insurers suffered from the curtailment of issuance under newly effective U.S. tax laws, the insurance penetration rate ticked higher.

The top municipal FA's accounted for 20% less volume, as their par amount of deals handled dropped to $273.869 billion from $345.829 billion. The number of transactions fell by 1,199.

The top muni bond counsel firms accounted for $318.67 billion in 8,474 transactions in 2018, down from $407.47 billion in 10,519 deals the year before.

The action continued in the municipal bond primary market, as the two biggest deals of the week were priced.

Municipal bond issuance totaled $320.25 billion in 2018, as New York issuers led the charge.

Municipal bond underwriters suffered from muted issuance under the new tax laws, as Bank of America Merrill Lynch remained on top of the year-end rankings.

Buyer sentiment barely budged as new issuance flooded the muni market on Tuesday.

The bonds will fund the final phase of construction of its new Physical Activity Center.

New deals were rolling in, with timing benefiting issuers as the market firmed.

McDaniel, who joined what was then Salomon Brothers in 1966, became one of Citi's top producers.

In his "fearless forecast," Dan Berger of TM3/MMD Refinitiv calls for volume to increase 15% in 2019. He also focuses on the shutdown, natural hazards, and risk on/off as headline risks that must be heeded. Chip Barnett and John Hallacy host.

The municipal bond market will see a plethora of deals hit screens for both institutions and retail, as sellers look for a change in buyer psychology from last week.

The municipal bond market and its participants are ready for what they are hoping is a busier and better week than the last.

Illinois and Chicago will be this week's headliners as the state comes under new leadership while the city sells the biggest municipal bond deal of the week — a $551 million offering from the Sales Tax Securitization Corp.

After a lackluster week, the muni market is hoping to get back on track.

Municipals were mostly stronger Friday ahead of next week’s $6.4 billion new issue calendar.

In the week ended Jan. 10, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, inched up to 4.08% from 4.07% last week.

Bond buyers gave the $1.65 billion San Francisco airport deal a mixed reception on Thursday as municipal bonds were mostly stronger.

The $551 million issue wraps up a nearly $3 billion program; $7.7 billion of proposed pension obligation bonds rely on similar structure

The muni market was steady, as traders waited for the last of this week’s deals to come rolling in, including the biggest deal of the week.