Secondary bond market

Municipal bond supply will keep on keeping on this week, continuing a boom that started August.

The primary market was somewhat stagnant after the FOMC but things should revert back how they were before — with most deals getting put away quickly.

Municipal bond yields moved lower in secondary trading as some big deals were sold.

The market got what it expected and can now shift attention to the week's remaining deals after Fed policy makers cut interest rates by a quarter point.

Few deals priced, as trading was subdued before the Federal Open Market Committee’s interest rate decision.

Middle East unrest, oil price volatility and a Fed policy meeting all combine to weigh on this week’s $10B new-issue calendar.

Municipal yields and issuance plans both rose, showing market participants aren't uncertain about the meeting, with a quarter point cut in interest rates baked in.

Municipal traders and managers said the tax-exempt market’s early strength translated into weakness before the end of trading — due to taxable and overseas influences.

Los Angeles and Broward County deals were offered while some say the municipal market feels "heavy" and in retreat.

It was a big day for the municipal bond market as billions of dollars of new deals hit the screens.

Issuers jump into the market as yields remain near record low levels.

Fed still divided, but 25 basis point cut is a good bet.

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

The Chicago Public Schools also came to market with a $349 million GO deal.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

California's $2.4 billion GO deal was priced for retail investors on Wednesday.

A pre-marketing scale was released on California's $2.3 billion GO deal.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

The market will see $7.6 billion of bonds plus a $1 billion note sale coming up in a holiday-shortened week.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.