Primary bond market

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar.

In the week ended Sept. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 3.98% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.

New York City hit the market with negotiated and competitive sales totaling over $1 billion Thursday as top-rated municipal bonds weakened.

Municipal Bond Club of New York members were urged to "continue preaching" the benefits as Congress debates tax reform.

Top-rated municipal bonds were weaker at mid-session, according to traders, as New York City hit the market with negotiated and competitive sales totaling over $1 billion.

New York City will hit the market with negotiated and competitive sales on Thursday totaling over $1 billion.

Top quality municipal bonds finished weaker on Wednesday, traders said, as more large deals hit their screens.

Top-quality municipal bonds were weaker at mid-session, traders said, as the market is seeing more deals hit the screens.

The municipal bond market will see more deals hit the screens on Wednesday, led by a big Maryland competitive sale and a second day of retail orders for the New York City offering.

Top-rated municipal bonds ended weaker on Tuesday, according to traders, as the first of this week’s new deals hit the screens, led by sales from New York City and Louisiana.

The system reported strong investor demand for $350 million of taxable debt earlier in the week.

The new money and refunding bonds are being sold Wednesday.

Top-rated municipal bonds were weaker at midday, according to traders, as the first of this week’s new deals hit the screens on Tuesday.

Municipal bond traders are set to see the first of this week’s new deals hit the screens on Tuesday, led by deals from New York City and Tennessee issuers.

Top-quality municipal bonds ended weaker on Monday, according to traders, who were looking ahead to a $7.42 billion new issue slate dominated by deals from New York City and Maryland.

After a short week with slow and low volume, the primary municipal bond market with get a normal dose of issuance this week when there is cash to be put to work. Market participants' eyes will be on New York City, which is set to bring more than $1 billion.

Municipal bonds were weaker, traders said, as they look to the $7.42 billion new issue slate, headed by deals from New York City and Maryland.

Municipal bond traders were returning to their desks on Monday and looking ahead to the week’s $7.42 billion new issue slate, which will be dominated by big bond deals from New York City and Maryland.

A dearth of state paper bodes well for the sale, says state finance director Sandi Thompson.

Volume in the primary municipal bond market is expected to climb to a more normal level of almost $7.5 billion.