Primary bond market

MetroHealth's ratings tumbled three notches to reflect its sizable new debt load.

Municipals were weaker at mid-session, traders said, as activity in the primary sector got underway. Several large deals kicked off the action, with offerings from issuers in Kentucky, Texas and Wisconsin leading the way.

PICKENS, S.C. -- The new Pickens County Council voted Monday to undo two notable stands by the previous council.

Activity in the municipal bond primary sector will get underway on Tuesday with offerings from Wisconsin and Kentucky on tap. Traders will be keeping an eagle eye on yields, which have been rising.

Municipal bonds finished weaker on Monday, traders said, as the market faces a moderately sized new issue calendar, which features some big offerings from various issuers.

Wisconsin heads into the market over the next week with nearly $1 billion of debt in three deals.

Against a backdrop of a scolding from the state auditor for “using misleading budgeting practices” the Regents of the University of California is set to bring volume to a market that is starving for new issuance.

Some corrections called for by Attorney General Josh Shapiro Thursday in his final report on the Harrisburg debt crisis have a running start in the Pennsylvania General Assembly.

April 29--ELKHART -- Sweeping changes laid out in Elkhart Community Schools' strategic plan are moving forward after the school board officially began the process of selling $10 million in bonds to pay for some of the changes.

VIRGINIA BEACH -- Two hundred girls basketball teams from around the country played on 10 indoor courts inside the Convention Center last weekend. If city leaders have their way, those teams could instead compete in a nearby field house within two years.

Municipal bonds were mixed on Monday, traders said, as the market faces a moderately sized new issue calendar, which features big offerings from California, Kentucky and Wisconsin.

NATCHEZ, Miss. -- If the community wants to see Natchez grow, Natchez-Adams Schools officials say the growth begins with education.

-By 19 votes, Lafourche Parish voters rejected a one-cent sales tax increase today that would have boosted school worker salaries.

The Moses Lake School Board voted Thursday evening to authorize the issuance of $135 million in bonds to build a second high school, a new elementary school, and refurbish the existing high school.

Municipal bond traders are returning to work on Monday to face a moderate new issue calendar, which totals $7.02 billion and consists of $5.96 billion of negotiated deals and $1.06 billion of competitive sales.

Municipal bond traders returning to work Monday will face a moderate new issue calendar of $7.02 billion, made up of $5.96 billion of negotiated deals and $1.06 billion of competitive sales.

Municipal bond volume dropped 20.2% in April and finished under $30 billion for the third month in a row, as concerns about tax reform made issuers reluctant to hit the market.

Municipal bonds were slightly weaker at midday, as traders look ahead to next week’s new issue calendar, which features big offerings from California, Kentucky and Wisconsin.

The municipal bond market is taking a breather on Friday since no major bond deals are scheduled to be priced in the primary.

Municipal bonds finished steady on Thursday, according to traders, as the last big sale of the week came to market.