Primary bond market

Ohio Higher Educational Facility Commission will issue $105 million of tax-exempt revenue bonds on behalf of Case Western Reserve University.

Pension costs and slow growth in state revenues contributed to a fifth straight year of net tax-supported debt growth of under 2%.

The recent performance of munis has reset relative valuations to more attractive levels, according to BlackRock's Peter Hayes.

Municipal bond buyers had billions of new paper flow into the primary market - which took it all down but overall the market was weaker for the second day in a row as Treasury yields continue to climb.

Municipal bond buyers had a wide variety of offerings to choose from on Tuesday.

Municipal bonds finished weaker on Monday ahead of a what will be an busy Tuesday with a few billion of new issuance hitting the market.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.

A $1.4 billion sale from New York Transportation Development Corp., for Delta’s redevelopment at LaGuardia Airport is the bellwether deal of a near $8 billion week of new issuance. This will mark the first time in six years that Delta has issued in the tax exempt market and will be the second largest airline special facility bond ever completed in the municipal market.

The muni market is eagerly awaiting the $1.4 billion Delta deal to kick off the week's activity.

With tax season in the rear view mirror, supply is set to rise to $7.8 billion as demand rebounds.

The deal absorbs the debt of newly acquired systems, and SSM says it will "materially" lower interest.

The commonwealth plans a competitive sale for the $500 million in fixed-rate, tax-exempt new-money general obligation bonds.

Next week's $7.8 billion new issue slate features airport and water deals coming from New York and Texas issuers.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged for the third week in a row at 3.99%.

Some say cheapness on the short end of the municipal yield curve is starting to boost investor demand.

Illinois remains delinquent on transit aid payments, highlighting the need for RTA's working cash authorization.

Morgan Stanley priced $575 million of airport system bonds for Sacramento County.

Deals from Connecticut and Ohio issuers arrived as some buyside participants complained of low volume and inactivity in the muni market.

Two big education deals are slated to hit the market on Wednesday, with deals coming from issuers in Connecticut and Ohio.

The university plans to price $118 million of new money and refunding bonds this week, and to close the refunding deal in September.