Primary bond market

James J. O'Neil received a 12-month suspension from the market for his role in the flipping and kickback scheme.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.01% from 4.02% the week before.

Deals from New York and Massachusetts led the new issue slate on Thursday as the last of the week’s supply came to market.

Municipal bond market participants are seeing the last of this week’s new issues come to market on Thursday, led by issuers from New York and Massachusetts.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.

Illinois offered top yields to draw strong demand for its $966 million general obligation refunding.

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday.

The bonds will pay for renovations and the addition of a new building.

The region's volume numbers were supported by favorable market conditions that drove several large gas prepay deals.

Illinois came to market on Wednesday with over $900 million of bonds while Texas sold a massive note deal in the competitive arena.

The commonwealth also intends to offer $765 million of GO bonds and $160 million of Clean Water Trust bonds.

Municipal bond buyers saw some new offerings come to market on Tuesday, led by a Denver city and county deal.

As the dust settles on the SEC's 15c2-12 announcement, questions loom about how difficult it will be to implement.

Municipal bonds were firm and little changed on Tuesday as new issue supply started to price.

Trading was muted after last week’s bounty of bond sales, as the market looked ahead to this week’s larger deals, including a $920 million Illinois financing.

A typical quiet summer Monday unfolded, with trading activity muted as the market reflected on last week’s bountiful volume and looked ahead with anticipation to some this week’s larger deals, including the $920 million Illinois financing, muni traders said.

The final rules will focus on debt obligations on a similar level as bonds, an effort to respond to comments that the first proposal was too broad.

The Lone Star state grabs the spotlight this week as Texas prepares to sell $7.2 billion of top-rated tax and revenue anticipation notes on Wednesday.

Municipal bond volume is running 18.1% lower than last year’s historic level, in line with analyst expectations given the enormous impact the new tax legislation has had on the market.

Texas headlines the week's slate as it prepares for a mammoth note sale while Massachusetts prepares large short-term sales of its own.