Primary bond market

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The municipal bond market saw deals from far and wide this week as the threat of tax reform changes spurred a rush to issuance that will continue into the next week.

In the week ended Dec. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index nudged up to 3.91% from 3.90% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The municipal bond market priced deals from Partners Healthcare, South Miami Health and Empire State Development as investors waited for final details of tax law changes affecting private activity bonds.

Moody's dropped its outlook on Franciscan Alliance's Aa3 rating to negative from stable.

The municipal bond market saw Empire State Development sell almost $2 billion of bonds in five competitive offerings on Thursday as the market focused on tax changes being worked on in Washington.

The municipal bond market will see two mega-deals hit the screens on Thursday, representing both the negotiated and competitive sectors.

Municipal bond yields fell by as much as seven basis points as the Federal Reserve raised interest rates as expected and market participants eyed tax reform talks in Washington.

The municipal market saw some new supply hit the screens on Wednesday despite the Federal Open Market Committee meeting in Washington.

The municipal market will see some supply head its way on Wednesday despite the Federal Open Market Committee meeting underway in Washington.

Municipal bond yields continued to rise as issuers in California, Ohio, Virginia, Florida and the District of Columbia poured deals into the market.

The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

Municipal bond yields continue to surge along with the supply that hit the market on Tuesday.

The municipal bond market will continue to see supply flood in, with several large deals set for Tuesday including the University of California and the New Jersey Turnpike's bond offerings.

The deal includes $524 million to refund outstanding debt.

Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

With another $20-plus billion on the docket, it's expected to be another frenzy-filled week in the municipal primary market. Issuers continue to sprint to market ahead of the looming tax bill that will alter the market’s landscape. Investor demand won’t be short either, as both traditional and crossover buyers will be fighting for allocations.

The municipal bond market saw the first of the week’s big offerings hit the screens on Monday, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

The municipal bond market will see a second week of hefty supply, with almost $22 billion of new deals lining up for sale.

Municipal issuers continue to race to market with deals before the calendar turns over, as the tax bill may limit issuance in 2018.