Securitization

While munis turned in a mostly solid performance on Monday, a Charles Schwab & Co. report said they are less likely to outperform Treasurys in the second half.

Munis were firm at mid-session as traders get set to see some much-anticipated supply hit the screens this week.

Municipal bond activity returns to a near-normal level as a slew of deals heads into the market, led by New York and California issuers.

Ipreo estimates weekly bond volume at $6.6 billion, consisting of $5.5 billion of negotiated deals and $1.2 billion of competitive sales.

In the week ended July 5, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index dipped to 3.97% from 3.98% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipals remained stronger into the close on Thursday as the minutes from the last Federal Reserve meeting were released.

A sluggish and somewhat skittish tone kicked off the post-July 4th trading on Thursday.

Muni finished stronger Tuesday in an abbreviated trading session. Markets are closed Wednesday and trading will resume on Thursday.

Municipals were stronger as bond market participants were winding up their activity ahead of the early close.

Three rulings by the U.S. Supreme Court this term will have a lasting impact on the finances of many municipal bond issuers, Fiera Capital says.

Some Puerto Rico issues were trading lower on Monday after a federal watchdog approved a revised budget for the commonwealth over the weekend.

The municipal market will see only $74 million of deals in a holiday-shortened week, raising demand for supply the week after.

After a bumpy but overall successful launch of markup disclosure, the muni industry looks ahead to regulatory scrutiny and finding ways to use the new data.

Ipreo estimates weekly bond volume at $73.8 million, consisting only of competitive sales and no negotiated deals.

Municipal market activity remained quiet Thursday afternoon wrapping up a week in which investors snapped up some large new issues.

Deutsche Bank Securities and Central States Capital Markets agreed to settle with FINRA for a combined $80,000.

New York paper continued to be in high demand in front of the July 1 redemption date, according to a market source.

Municipal bonds were stronger on Wednesday as bond buyers saw big deals come from New York and California issuers.

Municipal bonds were stronger Wednesday as bond deals from New York and California were coming to market.

Municipal bonds were little changed Tuesday as a continuation of the June-July reinvestment season made for brisk demand.