Secondary bond market

Although total weekly volume is expected to be low, municipal bond traders will start the week running, with a few deals expected to price on Monday.

Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.

The drop in issuance comes despite a decline in yields over the past week that made the market issuer-friendly.

Top shelf municipal bonds were stronger at mid-session, according to traders, who are looking ahead to next week’s smaller-than-average new issue calendar, which Ipreo estimates at $4.24 billion.

Municipal bond traders on Friday are already looking ahead to next week’s smaller-than-average new issue calendar, which will be topped by New York City’s big general obligation bond sale.

Top-rated municipal bonds ended stronger on Thursday, traders said, as investors snapped up debt from the Tar Heel state.

Top-rated municipal bonds were stronger at midday, traders said, as North Carolina competitively sold more than $550 million of bonds.

Municipal bond traders will be seeing the last of this week’s larger deals come to market on Thursday, with North Carolina competitively selling more than $550 million of bonds in a single offering.

Top-quality municipal bonds ended stronger on Wednesday, according to traders, as deals from Virginia and Georgia issuers hit the market.

The concerns have arisen in the weeks following a round of budget negotiations that was particularly tough for several states.

Top-quality municipal bonds were stronger at mid-session, as deals from Virginia and Georgia issuers hit the market on Wednesday.

Municipal bond traders will be seeing more deals come their way on Wednesday with competitive sales from a Virginia issuer and a negotiated deal from Georgia.

Top-rated municipal bonds finished stronger on Tuesday as the competitive arena heated up with the Dormitory Authority of the State of New York’s offering of four bond sales totaling almost $1.5 billion.

The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the competitive arena heated up with the Dormitory Authority of the State of New York’s offering four bond sales totaling almost $1.5 billion while the state of New Mexico brought two sales totaling over $380 million.

Municipal bond traders are set to see the first of the week’s new issue hit the screens on Tuesday, led by the Dormitory Authority of the State of New York’s four competitive bond sales.

Municipal bonds finished mixed on Monday, traders said, as they prepared for the week’s $7.66 billion new issue calendar.

Municipal bonds were mixed at midday, traders said, as they prepared for the week’s $7.66 billion new issue calendar.

Municipal bond traders are returning to work on Monday set for the week’s $7.66 billion new issue calendar. The slate is composed of $3.99 billion of negotiated deals and $3.67 billion of competitive sales.