Primary bond market

Municipal bonds were stronger at midday, as traders get set to see about $9 billion of new issues come to market this week.

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

Municipal bonds finished stronger on Friday ahead of the upcoming $9 billion new issue calendar.

Municipal bond volume fell by almost half in November, underscoring the impact of the tax law.

Municipal bond investors will get to feast on a big new issue calendar, led by an almost $2 billion airport deal coming out of Chicago.

In the week ended Nov. 29, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.21% from 4.23% last week.

The municipal market saw the last significant issuance come and go swiftly, closing out the week on a high note.

Voters in the Southern California rejected a water and wastewater rate increase, and a subsequent rate hike triggered an unsuccessful recall election.

The muni market was getting stronger yet again on Thursday, as one of the week's biggest hit the screens.

Dearborn plans to price $35 million of bonds and Muskegon County plans $45 million.

A flurry of mid-sized deals priced, as the muni market firmed ahead of what should be the busiest day of the week.

SIFMA and BDA responded to the MSRB's request for comment on muni indices and benchmarks, and transparency was a major theme.

Wednesday’s municipal market was firm and over $1.3 billion bid lists were circulating, according to a New York trader.

Deals for retail and institutions priced into a stronger market, paving the way for bigger issuance as the week progresses.

The state plans to price $190 million of general obligation highway capital improvement bonds.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

The municipal market saw the first issuance of the week come trickling in as it was finding its footing ahead of a flood of issuance in the next few days.

Back from the holiday break, the muni market and its investors are ready and waiting for what should be a busy week, with big, well-known names coming to market with sizable issues.

As the municipal market prepares for a busy week with big-name issues coming to market, industry analysts are already looking to what 2019 might have in store.

2018 hasn’t been the best or most active year but things are looking up after midterm elections, with what is expected to be a more pro-muni House. Volume this year is looking like it might be the lowest since 2011, but perhaps the new year will bring an infrastructure plan, where munis are expected to be a big component.