Primary bond market

Top-rated municipal bonds finished stronger on Tuesday as the competitive arena heated up with the Dormitory Authority of the State of New York’s offering of four bond sales totaling almost $1.5 billion.

The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the competitive arena heated up with the Dormitory Authority of the State of New York’s offering four bond sales totaling almost $1.5 billion while the state of New Mexico brought two sales totaling over $380 million.

Sean Carney, director and head of municipal strategy at BlackRock, talks about municipal issuance in the first half of 2017 and makes some predictions on how the second half of the year will look. He also discusses distressed states — which state could recover first and why and how a downgrade of Illinois would be a big deal for the market. Hosted by Aaron Weitzman in a conversation recorded on June 29.

Municipal bond traders are set to see the first of the week’s new issue hit the screens on Tuesday, led by the Dormitory Authority of the State of New York’s four competitive bond sales.

Chicago Transit Authority highlighted the direct flow of federal grants ahead of its refunding deal

Municipal bonds finished mixed on Monday, traders said, as they prepared for the week’s $7.66 billion new issue calendar.

Municipal bonds were mixed at midday, traders said, as they prepared for the week’s $7.66 billion new issue calendar.

Municipal bond traders are returning to work on Monday set for the week’s $7.66 billion new issue calendar. The slate is composed of $3.99 billion of negotiated deals and $3.67 billion of competitive sales.

The primary municipal bond market will keep chugging along next week, with participants set to see more action than they did in a fast and furious past week.

Top-shelf municipal bonds were stronger at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. which Ipreo estimates at $7.66 billion.

Municipal bond traders are waiting to see how much volume the market will encounter next week as they eye volatile muni yields.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices rose two basis points to 4.11% from the previous week's 4.09%.

Top-quality municipal bonds finished unchanged on Thursday, traders said, as more deals came to market in the last big push of the week.

The county’s 25-year, $339 million refunding sold with an all-in, true-interest cost of 3.38%.

Top-quality municipal bonds were stronger at mid-session, traders said, as more deals came to market.

Municipal bond traders are set to see more deals head their way on Thursday as the market will see the last big sales of the week hit the screens.

Top-rated municipal bonds finished stronger on Wednesday as a large deal from a New York and New Jersey issuer hit the screens while a deal from a Chicago issuer was postponed until next week.

While working on two bond sales and finalizing a new budget, Cook County, Ill. is eyeing layoffs.