Primary bond market

The Municipal Securities Rulemaking Board on Monday released final and draft guidance on issues related to its G-40 advertising rules for municipal advisors.

Munis were weaker as the market waited for the week’s supply and Larry Kudlow, the president’s assistant on economic policy, discounted the risk of a recession.

The municipal bond market is ready and waiting for the biggest sale of the week on Tuesday, but retail investors got the first shot Monday.

Institutional investors are looking forward to this week’s top-rated muni deal from the Texas Water Board, which is selling $1.6 billion of revenue bonds.

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

Municipal bonds were little changed on Thursday as a big sale out of Nevada hit the screens.

Rating agencies affirmed double-A-plus ratings ahead of the deal.

The Downriver Utility Wastewater Authority will sell $57 million of debt.

The authority hasn't sold bonds since 2010.

Municipal CUSIP requests surged in August, an indication of rising supply in the near-term.

Municipals remained weaker on Wednesday as the market saw several new issues sell in the primary, led by deals from North and South Carolina.

Tom Wynne is leading a new housing financing initiative in the West and Michael Colton is joining the New York team.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.

While a somber mood fell over Wall Street as the finance industry reflected on the devastating terrorist attack 17 years ago, the municipal market generated some new supply and cheaper prices.

Action got underway in the primary market on Tuesday as the competitive arena took center stage.

The short-end of the municipal bond market is rich relative to U.S. Treasury and corporate bonds, says J.R. Rieger.

Municipal bond buyers are looking ahead to the wide variety of new deals heading their way this week.