Primary bond market

The Federal Open Market Committee cut its projection for next year to two rate increases from three.

A lone large deal came into an even stronger municipal bond market, as all eyes are on the Federal Open Market Committee.

The commonwealth intends to sell $915 million of tax-exempt new money and refunding bonds and $50 million of taxable bonds.

A few deals trickled into a stronger market, ahead of Wednesday’s interest rate announcement.

The municipal market appears ready to close the year in a positive manner.

Market participants will focus on reading the tea leaves of the Fed statement Wednesday.

The municipal bond market will see a week of meager issuance, as all eyes are on the Federal Open Market Committee and its upcoming meeting.

The municipal bond market winds down the year by seeing only $1 billion of new issues slated to price this week. It’s a far cry from last December, which saw a mad rush to market ahead of the new tax laws.

The holiday season kicks off for the municipal bond market as new issue supply slows to a crawl while the year winds down.

As the end of the year approaches, new issue supply slows down.

In the week ended Dec. 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.13% from 4.15% last week.

Market data shows the trading gap between A-rated and BBB-rated corporate bonds has widened in volume.

Columbia issued the first U.S. stormwater revenue bonds certified by the Climate Bond Initiative.

Municipals were mixed at midday as Treasury bonds weakened while the last of the week’s supply trickled into the primary market.

Danville schools will get some much-needed improvements, thanks to residents who voted in favor of an $8.9 million general obligation bond.

Municipals look somewhat less attractive following last week’s rally, but should maintain a firm tone through year-end, an analyst said.

Municipal bonds were trading mixed in mid-session activity as more supply came to market.

The market absorbed a surge in bond issuance, led by the Dormitory Authority of the State of New York and the Illinois Toll Highway Authority.

Richard Gounaud, accused by the SEC of participation in a muni bond "flipping" scheme, claimed the use of the slang term created unfair bias.

With only a few weeks left in the year, the muni market is poised for a burst of activity, while also looking ahead to what 2019 might bring.