Primary bond market

Chicago Mayor Rahm Emanuel told investors the city will soon launch the new debt issuance vehicle.

Top-quality municipal bonds finished stronger on Wednesday, traders said, as a few more deals hit the marketplace.

Top-quality municipal bonds were stronger at midday, traders said, as the market was seeing a lull in issuance with only two major deals slated to hit the screens.

After a hectic day on Tuesday, the municipal bond market will see a lull in issuance with only two major deals slated to hit the screens on Wednesday.

Top-rated municipal bonds finished mixed on Tuesday, traders said, as a New York City issuer sold over $1.5 billion in six competitive offerings.

A debt issue to reduce its mountain of unpaid bills is stuck in Illinois' political divide.

Top-rated municipal bonds were mixed at mid-session, traders said, as a New York issuer sold about $1.5 billion in six competitive offerings.

About $2.5 billion of bonds are coming from just two issuers on Tuesday, as the market gears up for big competitive sales from New York and a large negotiated deal out of Ohio amid various other deals from around the country.

Moody's Investors Service has upgraded to Aa2 from Aa3 the long-term joint support letter of credit (LOC)-backed ratings of the City of Philadelphia, Pennsylvania Gas Works (PGW) Revenue Refunding Bonds.

Top quality municipal bonds finished mixed on Monday, according to traders as the first of the week’s big new issues came to market out of the Midwest.

On a quiet Monday where there is only one deal pricing for retail investors, municipals were mixed although some maturities on the long end were as much as one basis point higher, according to traders.

The municipal bond market is gearing up for about $7.3 billion of new supply this week, with $2.51 of that coming from two issuers.

Primary municipal bond market volume is expected to inch up to $7.3 billion, as analysts expect the muni market to stay on a path of suppressed supply and deep demand.

Municipal bonds turned weaker at midday as the market looks ahead to next week’s healthy new issue calendar.

Little activity is expected in the municipal bond market ahead of next week’s new issue slate.

In the week ended Aug. 3, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged at 4.02% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Top quality municipal bonds ended stronger on Thursday, traders said, as the last of the week’s big deals hit the screens.

The Terre Haute Board of Sanitary Commissioners on Tuesday began an $85 million bond issue for the second phase of a long-term combined sewer overflow plan.

The Springfield Water and Sewer Commission, aided by a recent bond rating upgrade from Standard and Poor's Rating Service, has been able to refinance debt and issue new revenue bonds for millions of dollars in long-term savings.

Councilman J.Ross Lacy will present a smaller road bond plan to the Midland City Council Tuesday.