Primary bond market

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.

S&P Global Ratings said it lowered its rating on Puerto Rico Sales Tax Financing Corp.'s (COFINA) senior sales tax bonds to D from CC on non-disbursement by the trustee of scheduled monthly interest payments due June 1, 2017, in compliance with an order of the U.S. District Court for the District of Puerto Rico.

S&P Global Ratings revised its outlook to negative from stable on Syracuse, N.Y.'s outstanding general obligation (GO) bonds and Syracuse Industrial Development Agency's (IDA) parking facility revenue bonds, excluding the GO bonds secured by the New York State Aid Intercept Program.

Municipal bond traders will see the return of the Windy City to the new issue sector as they offer a water deal one day after coming to market with a wastewater deal.

The city took the next step Monday in securing up to $10 million in bonds to finance several stormwater sewer projects over the next few years.

Following the annexation of 459.6 acres of land on the city's west side last month, Sherman issued over $6 million in bonds Monday for work on the water systems of that and several other areas.

The city of Chicago’s wastewater deal received a warm reception in a strengthening municipal market on Tuesday. as the first of the week’s supply was priced.

S&P Global Ratings said it may adjust certain ratings based on each insurer's "competitive strengths or weaknesses relative to its peers.”

Municipal bonds were stronger at midday as the first of the week’s new issue supply hit the screens.