Primary bond market

The muni market will see volume rise in the last week of October as buyers will be treated with a billion deal from Chicago’s Sales Tax Securitization Corp. and a $714 million offering from the Department of Los Angeles airports.

Municipal bond volume is set to rise in the last week of October.

The number of MSRB-registered dealers has fallen by almost one-third since 2009 and FINRA and the MSRB have some concerns about it.

The district chopped off more than two percentage points, thanks to new state aid and pension help

Municipal bond supply takes a leap forward next week as Chicago’s Sales Tax Securitization Corp.’s $1.31 billion deal headlines the new issue calendar.

In the week ended October 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.25% from 4.28% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The $240 million deal will also contain a mix of bonds subject to the alternative minimum tax with non-AMT bonds.

Municipals remained mixed as deals from Phoenix airport and Chicago issuers came to market.

The pre-trade information available on alternative trading systems to broker-dealer participants would likely benefit all municipal securities investors if made more publicly available, the Municipal Securities Rulemaking Board’s chief economist said in releasing a report Thursday that is to be presented to a market structure advisory group next week.

Municipals were mostly stronger at mid-session as the last of the week’s big deals came to market.

It's twice as nice for our listeners as The Bond Buyer packages two market podcasts into one. Reporter Christine Albano interviews Michael Pietronico, CEO of Miller Tabak Asset Management, on what's happening in munis while Chip Barnett speaks with contributing editor John Hallacy about current market trends.

The $850 million sale of special tax obligation bonds drew a record $478 million of retail orders, said state Treasurer Denise Nappier.

The school district says fiscal gains allow it the option of going with a competitive sale on its short-term borrowing.

The staff additions include Bech Bruun, former chairman of the Texas Water Development Board.

Municipals remained stronger as Montgomery County, Maryland, came to market with a triple-A-rated sale.

The Los Angeles airport enterprise received a Moody's ratings boost ahead of plans to price $650 million in subordinate revenue bonds.

Montgomery County, Md., came to market on Wednesday with a triple-A-rated general obligation bond offering.

Volatility in the equity market spurred a flight to quality.

Municipals were stronger at mid-session as new supply started to trickle into the market.

Puerto Rico bonds gained in a mixed muni market as a revised fiscal plan projected a bigger surplus.