Securitization

In the competitive arena, Maryland sold two deals totaling over $500 million on Wednesday.

The report card touts the MSRB's accomplishments, though that doesn't sit well with some market participants.

Puerto Rico issues rallied on a restructuring agreement for the power company, while municipal bond buyers saw some new supply head their way.

Puerto Rico issues rallied after reports the island’s electric company struck a debt restructuring agreement with its bondholders.

Despite recent softness, the supply demand imbalance is uplifting the market, according to a new report.

Municipal bonds were mixed ahead of this week’s $4.4 billion calendar.

Weekly municipal bond volume is estimated at $4.4 billion for the upcoming week.

Municipal bond volume will dip to under $5 billion next week, according to estimates released on Friday.

Sporadic trading and price firmness drove the municipal market on Thursday.

Price stability was outweighing trading activity and volume on Thursday morning in the municipal market.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.

Municipal bond volume will dip to a more average 2018 level next week.

New issues were well spoken for on Thursday as hungry investors with available cash participated in the largest deals of the week.