Primary bond market

Municipal bonds were mixed in late trading on Tuesday as several large deals hit the screens, led by issuers in New York and Maryland.

Tuesday opened with a positive tone in the municipal bond market with a forecast of heavy demand and strong technicals going into the reinvestment season.

Munis were stronger Monday as bond buyers kept an eye on the Federal Reserve policy makers' meeting.

The MSRB will ask for market feedback on potential interpretive guidance related to a practice the board worries may impair market liquidity.

Monthly volume rose the highest in the year to date, as an increase in new-money deals partly offset a decline in refunding transactions.

Municipal bond buyers are awaiting this week’s new issue supply as they keep both eyes firmly on the Federal Open Market Committee’s monetary policy meeting.

Weekly municipal bond volume will be down with the Federal Open Market Committee set to meet, though no interest rate increase is expected.

The municipal bond market will see a light new issue calendar next week as the Federal Reserve meeting on monetary policy puts a damper on new debt issuance.

In the week ended April 26, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index jumped up to 4.05% from 3.99% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipal bonds steadied after sliding the previous day, as the last of the week’s new issuance came to market.

Munis were stronger on Thursday as the last of the week's supply slipped into the market.

Illinois paid more to borrow in Wednesday's bond sale compared to last year, though yields narrowed from recent trading levels.

Matthew O’Grady, a 20-year municipal veteran, joins KeyBanc from Piper Jaffray.

Municipal bonds were weaker Tuesday as Illinois sold $500 million of bonds and the N.Y.&N.J. Port Authority deal was priced.

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.