Secondary bond market

The state of Texas is selling the biggest deal of the week on Tuesday — a $5.4 billion note offering, which is also the biggest short-term sale so far this year.

Top-quality municipal bonds finished stronger on Monday, according to traders, who face a smaller-than-average bond calendar and a $5.4 billion Texas note deal this week.

Top quality municipal bonds were stronger at mid-session, according to traders, ahead of this week’s $4 billion new issue calendar.

The municipal bond market is looking at a smaller than average bond calendar this week, which will be dominated by the short-term note sector.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

Ipreo estimates total bond volume for next week at $4 billion, down from a revised total of $5.9 billion this week, according to data from Thomson Reuters. Next week’s calculations do not include note sales.

Muni traders on Friday are looking ahead to next week’s lighter new issue slate, which will be dominated by a note deal, rather than a bond sale.

Top-rated municipal bonds were steady at mid-session, traders said, as the last big deals of the week were heading to market.

Municipal bond traders will see the last big deals of the week come to market on Thursday, led off by sales from issuers in Colorado and Illinois.

Municipal bonds ended mixed on Wednesday, according to traders, as the gilt-edged state of Maryland came to market with competitive sales won by Bank of America Merrill Lynch and Citigroup.

Municipal bonds were weaker at midday, according to traders, as the gilt-edged state of Maryland came to market with two competitive sales won by BAML and Citi.

Municipal bond traders are set to see the state of Maryland come to market with two top-quality competitive sales on Wednesday.

Top-rated municipal bonds finished weaker on Tuesday, according to traders, as several big competitive deals sold in the primary market, led by a high-quality offering from Mecklenburg County, N.C.

Top-rated municipal bonds were weaker at mid-session, according to traders, as several big competitive deals sold in the primary market.

Bitvore Corp. added features to its artificial intelligence-powered early warning system that continuously monitors material changes affecting risk across the municipal market.

Municipal bond market traders on Tuesday are set to see the start of this week’s supply hit the screens as several large competitive offerings are slated to sell.

Top-quality municipal bonds ended mixed on Monday, according to traders, as the market prepared for this week’s $6.7 billion new issue calendar.

Top-quality municipal bonds were mixed at mid-session, according to traders, as the market prepared for this week’s $6.7 billion new issue calendar.

Municipal bond traders will be gearing up on Monday to see this week’s $6.7 billion new issue calendar, which will get started in earnest on Tuesday.

Top-shelf municipal bonds were unchanged at mid-session, according to traders who are looking ahead to next week’s new issue slate, which is estimated at $6.7 billion.