Primary bond market

The $560 million deal is expected to sell later this month.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

The region's slipping volume reflected a national trend.

Ipreo estimates total bond volume for next week at $4 billion, down from a revised total of $5.9 billion this week, according to data from Thomson Reuters. Next week’s calculations do not include note sales.

Muni traders on Friday are looking ahead to next week’s lighter new issue slate, which will be dominated by a note deal, rather than a bond sale.

In the week ended Aug. 17, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was steady at 4.01% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Top-rated municipal bonds ended mixed on Thursday, traders said, as the last big deals of the week came to market.

The $358 million deal saw net present value savings of 9.46%, among the highest the state has seen.

Top-rated municipal bonds were steady at mid-session, traders said, as the last big deals of the week were heading to market.

Municipal bond traders will see the last big deals of the week come to market on Thursday, led off by sales from issuers in Colorado and Illinois.

Cook County stresses lack of link between its sales tax bonds and controversial beverage tax as it readies sale.

Municipal bonds ended mixed on Wednesday, according to traders, as the gilt-edged state of Maryland came to market with competitive sales won by Bank of America Merrill Lynch and Citigroup.

Municipal bonds were weaker at midday, according to traders, as the gilt-edged state of Maryland came to market with two competitive sales won by BAML and Citi.

Municipal bond traders are set to see the state of Maryland come to market with two top-quality competitive sales on Wednesday.

Top-rated municipal bonds finished weaker on Tuesday, according to traders, as several big competitive deals sold in the primary market, led by a high-quality offering from Mecklenburg County, N.C.

Top-rated municipal bonds were weaker at mid-session, according to traders, as several big competitive deals sold in the primary market.

Bitvore Corp. added features to its artificial intelligence-powered early warning system that continuously monitors material changes affecting risk across the municipal market.

Municipal bond market traders on Tuesday are set to see the start of this week’s supply hit the screens as several large competitive offerings are slated to sell.

Top-quality municipal bonds ended mixed on Monday, according to traders, as the market prepared for this week’s $6.7 billion new issue calendar.

Build America Mutual, after surviving a credit watch with its double-A rating intact, posted mixed results in the second quarter.