Primary bond market

California’s $2.2 billion taxable sale is in the spotlight as the market gets set for a $7.5 billion supply slate.

In the week ended April 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged at 3.99% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Fitch said Chicago's modernization plans may not protect O'Hare against rating pressures as debt levels swell.

The imbalance of supply and demand continues to crimp activity for some municipal bond professionals.

Cities deny NAM charge that they committed securities fraud by failing to adequately address climate risk in their muni bond official statements.

Municipal bonds remained stronger as a high-grade deal from Charlotte, N.C., came to market.

Proceeds of Charlotte, N.C.'s deal will refund debt issued in 2008 and prepay a bond-anticipation note.

Data released by CUSIP suggests municipal issuance may be strong in the second quarter of the year.

New Jersey Senate Republican Leader Tom Kean, R- Westfield, has opted to not stand in the way of the state’s $3.2 billion tobacco refunding bond deal two days after calling for the large transaction to be canceled.

Municipal bonds were stronger on Wednesday as new deals from New York City and Clark County, Nev., came to market.

A New Jersey lawmaker is seeking to cancel the state’s $3.2 billion tobacco refunding bond deal, saying the transaction was unconstitutional.

The old saw that rising rates are bad for bonds may not really be the case, one new report says.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Despite the previous technical difficulties of supply and demand, municipals are poised for a potentially stronger second quarter, according to Jeffrey Lipton, managing director of credit research at Oppenheimer & Co.

Traders and muni professionals said it was a typical light Monday in the municipal market — with favorable market technicals mixed with some underlying concern on the political front.

Morgan Stanley will run the books on several negotiated deals that are part of about $360 million in local government borrowing planned.

Retail buyers of municipal bonds got first shot at New York City’s big general obligation bond sale on Monday.

Clark County, Nev.’s $648 million Las Vegas stadium bond deal for the NFL’s Raiders is the first since Congress toyed with the idea last year of eliminating the tax-exemption for sports facilities.

Weekly municipal market volume is expected to sink back below $5 billion in the coming week, making it harder for investors to price bonds.

Clark County will price $647 million in general obligation bonds Wednesday for the NFL stadium.