Primary bond market

California experienced the highest retail orders in five years during Tuesday's sale

Municipal bond buyers will see a slightly smaller slate of sales next week as supply dipped from this week’s new issue calendar.

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 second week in a row at 4.01%.

This week's big municipal bond deals got a warm reception from buyers as two New York issuers came to market.

The focus in the municipal bond market Thursday was on New York as two issuers sold big deals in the competitive arena.

Supply is down; rates are up; outflows have begun in municipals. However, Peter DeGroot , our guest from JP Morgan, points out opportunities in a higher coupon environment. John Hallacy is host.

Moody's Investors Service upgraded San Francisco's general obligation bonds to Aaa.

The municipal bond market was described as "very dead" Wednesday, thanks to low yields, low supply, low participation from retail investors -- and snow.

Maryland sold $525 million of general obligation bonds into a subdued market on Wednesday.

California came roaring into the market on Tuesday, beating out the storm to appeal to both retail and institutional investors.

The transaction will mark the university’s first new-money series for this credit in 16 years.

Opposition from one of O'Hare's hub carriers remains a sticking point for the pricey terminal revamp.

Retail investors get first crack at California's general obligation bonds priced on Tuesday.

After a typically quiet Monday for municipals, market participants are eagerly awaiting the commencement of this week's new issue slate, which is led by California's $2.1 billion offering.

Municipal investors have been supply starved but will get just what the doctor ordered; a nice big dose of supply. The mini surge will feature two billion dollar deals – one of the high grade variety and the other more of a high yield deal. With volatility in the atmosphere and big deals few and far between, investors should jump to grab the paper since who knows when the next big deal is coming.

Municipals were sleepy on Monday, typical for the asset class after a quiet trading session on Friday where they outperformed Treasuries; some investors were looking ahead to the upcoming week’s supply, led by a pair of billion dollar deals from California and Oklahoma issuers.

Investors will be rewarded for their patience with the year's biggest weekly issuance calendar, including a deal from the market's No. 1 issuer.

While the mood remained tentative on the last day of the week, the municipal market looks forward to the upcoming $7.5 billion of new supply headed its way.

In the week ended March 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipal bonds held firm Thursday as one trader urged buyers to find opportunities by using an old basketball offensive philosophy.