Primary bond market

Municipal market participants are eagerly awaiting the new issue slate to start rolling, as issuance is expected to be around the weekly average.

The New York City Transitional Finance Authority plans to sell about $850 million of tax-exempt fixed rate bonds on Wednesday, June 21, after a two-day retail order period.

Demand for municipals in the primary market should stay strong as volume is set to remain close to the yearly per-week average.

The Duncan Public School district approved the low bid from BancFirst for $7,645,000.00 for the sale of the school bond at a special meeting on Tuesday afternoon.

The Garden City Commission on Tuesday approved a request for a one-year extension to Garden City's STAR bond project. If approved, the measure would mark the project's second extension.

Moody's Investors Service has downgraded Eastern Maine Healthcare Systems' bond credit rating to a level that could limit the organization's ability to obtain credit in the future.

Top shelf municipal bonds were weaker at mid-session,, according to traders, who were making preparations to tackle next week's calendar. Ipreo estimates next week's volume at $6.01 billion, consisting of $4.94 billion of negotiated deals and $1.08 billion of competitive sales.

The sale of $1.1 billion of unrated bonds for New Jersey's American Dream comes amid uncertainty about the future of indoor shopping malls.

Municipal bond traders are taking a breather on Friday after a heavy slate of new issues priced this week. Traders will be eyeing market volatility which saw yields see-sawing back and forth.

The Maine Senate voted 26-9 Wednesday to override a Gov. Paul LePage veto of a bill that would force him to issue $15 million in voter-approved bonds earmarked to build affordable housing for senior citizens.

Construction of Honolulu's beleaguered rail project likely will proceed past January, now that it's squeaked out a sixth, pivotal City Council vote required to float bonds and help keep the work on track.

Transportation bonds that were at the center of a dispute between State Treasurer Terry Hayes and Gov. Paul LePage are ready to sell, resolving a conflict that threatened to hold up millions in funding for construction projects around the state.

In the week ended June 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell four basis points to 4.03% from 4.07% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Top quality municipal bonds ended weaker on Thursday, according to traders, as the last big supply of the week hit the market.

Top quality municipal bonds were weaker at mid-session, according to traders, as the last big supply of the week started to hit the market on Thursday.

Municipal bond traders are set for the last big supply of the week to hit the market on Thursday.

Top-rated municipal bonds finished flat on Wednesday as the city of Chicago retuned to the market with a new water deal.

JPMorgan is Chicago Public Schools' choice for the direct placement of $396.5 million of notes.

Municipal bonds were mixed at mid-session as traders awaited the return of the Windy City to the new issue sector.