Secondary bond market

In an unusually busy Monday, municipal bond issuers tried to beat the clock and complete sales ahead of the impending tax reform.

Now that the uncertainty of tax legislation and how it relates to munis is gone, market participants can focus on the upcoming calendar — as it will most likely be the last big supply week for a while, with Christmas and New Year’s right around the corner.

The final tax bill released late Friday afternoon saved private activity bonds but advance refunding bonds will disappear.

As the exact language of the final tax legislation looms, municipal market participants eager wait to see how it pertains to private activity bonds, there will be $11 billion of issuance awaits as issuers make one final push.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The municipal bond market saw deals from far and wide this week as the threat of tax reform changes spurred a rush to issuance that will continue into the next week.

The municipal bond market priced deals from Partners Healthcare, South Miami Health and Empire State Development as investors waited for final details of tax law changes affecting private activity bonds.

The municipal bond market saw Empire State Development sell almost $2 billion of bonds in five competitive offerings on Thursday as the market focused on tax changes being worked on in Washington.

The municipal bond market will see two mega-deals hit the screens on Thursday, representing both the negotiated and competitive sectors.

Municipal bond yields fell by as much as seven basis points as the Federal Reserve raised interest rates as expected and market participants eyed tax reform talks in Washington.

The municipal market saw some new supply hit the screens on Wednesday despite the Federal Open Market Committee meeting in Washington.

The municipal market will see some supply head its way on Wednesday despite the Federal Open Market Committee meeting underway in Washington.

Municipal bond yields continued to rise as issuers in California, Ohio, Virginia, Florida and the District of Columbia poured deals into the market.

Municipal bond yields continue to surge along with the supply that hit the market on Tuesday.

The municipal bond market will continue to see supply flood in, with several large deals set for Tuesday including the University of California and the New Jersey Turnpike's bond offerings.

Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

The municipal bond market saw the first of the week’s big offerings hit the screens on Monday, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

The municipal bond market will see a second week of hefty supply, with almost $22 billion of new deals lining up for sale.

Municipal issuers continue to race to market with deals before the calendar turns over, as the tax bill may limit issuance in 2018.

The municipal bond market will see a second week of chunky new issuance, with almost $20 billion of new deals lining up for sale.