Primary bond market

Retail buyers were offered the chance to buy the New Jersey Tobacco Settlement Financing Corp.’s subordinate tobacco settlement bonds.

The second-quarter kicked off Monday with a little more optimism among municipal market participants after "one of the worst quarters in a long, long time."

The municipal bond market is set to see a chunky new issue calendar this week: $7.85 billion.

The competitive issuance will include roughly $35 million of taxable bonds.

The Tobacco Settlement Corp. is coming to market with over $3 billion of municipal bonds in a refunding deal that takes out all of the securities issued back in 2007.

The influx of volume may give the boost that's needed to jump-start the primary market.

Municipal bond volume picked up from February, prompting speculation that this year's drought in deals may soon ease.

The municipal bond market will see almost $7.9 billion of new deals head their way next week, as New Jersey tobacco's dominate the calendar.

In the week ended March 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.00% from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The municipal market was winding up the week on a tentative note as Connecticut offered its general obligations to institutional investors.

Chicago expects to begin tapping $4 billion of bond authority for O'Hare by early 2019.

The bonds sold for the air cargo handling facility were rated BBB.

Municipal bond buyers were getting a piece of Connecticut's general obligation bond deal on Wednesday.

State government credit support will bring the junk-rated city's coming taxable bond sale up to investment grade.

Municipal traders said the market was slightly firmer on Tuesday, though a lack of new supply was still curtailing opportunity for investors.

Borrowing plans cleared the Finance Committee after minority aldermen complained about diversity.

Municipal bond buyers are seeing some supply hit the market on Tuesday as they look ahead to next week for the biggest deal of the year to date.

As muni investors looked ahead to another week of limited supply, a report from BlackRock recommended taking a flexible strategy.

The municipal bond market on Monday is eyeing this week's small holiday calendar of new issues, which is dominated by taxable deals.

The Constitution State is bringing the largest negotiated deal to a supply starved market this week — although the state is faced with fiscal challenges, it hopes the big sale satisfies investors, during a time when munis are attractive but supply is scarce.