Primary bond market

Municipal bonds were stronger on Monday ahead of this week’s rather paltry new issue supply calendar.

Weekly bond volume is forecast to fall to $5.9 billion from $10.3 billion in the prior week.

The Hillsborough County Aviation Authority prices a new-money deal Tuesday for Tampa international Airport, boosted by an upgrade from Kroll.

Municipal bond supply plunges to under $6 billion next week after seeing over $10 billion of new issues priced this week.

The last of the large municipal bond deals came to market on Thursday, led by a $1.5 billion healthcare offering from Ohio.

The city is also considering its first general obligation bond issue since 2017.

Things began to quiet down in the municipal bond market on Thursday, as most of the big deals have come and gone for the week.

California competitively sold nearly $900 million of bonds while the Salt Lake City airport deal was priced in the negotiated sector.

Investors saw more volume hit the market on Wednesday as California sold nearly $900 million of municipal bonds.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

The New York City issuer led Tuesday's new issue supply surge as municipals traded mixed.

Deals from issuers in New York, Illinois, Tennessee and Minnesota hit the market on Tuesday.

Municipal bonds turned mixed on Monday as two New York issuers offered deals to retail buyers.

The state is ready to go with a $362 million forward refunding of appropriation-backed debt.

The $112 million GO sale Tuesday includes $97 million of green bonds, supported an opinion from an accredited verifier.

The Virginia Public School Authority will sell the first bonds since the state put up new dedicated websites for investors to access information.

Deals from two New York issuers were offered to retail buyers on Monday as a supply-heavy week began.

With almost $11 billion of municipal bond volume heading their way, investors will be in the catbird seat as a wide array of issuers, credits and ratings come to market.

The municipal bond market is set for almost $11 billion of new supply.

Added debt drove one-notch downgrade but long-term benefits seen.