Primary bond market

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.

Top-shelf municipal bonds were stronger at midday, according to traders, who are looking ahead to next week’s new issue calendar, which is estimated to total $7.42 billion.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be dominated by big bond deals from New York City and Maryland.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98%, from 3.99% last week.

The offering follows the resolution of legal challenges to toll rate increases.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

Top-rated municipal bonds finished stronger on Thursday, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $583 million sale.

Top-rated municipal bonds were stronger at mid-session, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $554 million sale.

Municipal bond traders are set to see the week’s largest deal come to market on Thursday — the New Jersey Economic Development Authority’s $595 million offering.

Top-quality municipal bonds ended mixed on Wednesday as the big Honolulu and Pennsylvania sales hit the screens.

They say a report shows state could shave billions off interest costs if it borrows to pay down the state's unpaid bill backlog.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.