Securitization

Municipal bonds were mixed on Monday ahead of this week’s hefty new issue calendar.

Munis turned mostly weaker on Friday as the market prepared for a fourfold jump in issuance after a holiday shortened week.

Municipal bonds were mostly weaker Friday after a strong employment report and ahead of next week’s almost $10 billion new issue slate.

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

As the last of the week’s larger new issues came to market, municipal bonds finished stronger on Thursday.

Four Twenty Seven developed climate change software to help bond investors assess future credit risk.

Municipal bonds were stronger at midday, holding onto hefty gains made earlier in the week as the last of the week’s larger deals came to market.

Municipals participated in a safe-haven trade on Wednesday following the Treasury-led rally on Tuesday.

Municipal bonds on Wednesday added on to the gains made during Tuesday’s rally.

Municipal bond investors reacted cautiously to the rally in Treasurys as they looked for confirmation that the new yield levels are here to stay.

Intercontinental Exchange agreed to buy TMC Bonds for $685 million in cash just eight days after IHS Markit's deal to buy Ipreo.

Municipal bonds were trading stronger Tuesday, with yields falling as much as five basis points, according to the MBIS benchmark scale.

The holiday-shortened week with the usual accompanying low issuance shouldn’t overwhelm demand, putting the municipal market in a good spot at midyear.

Municipal bonds were stronger ahead of Friday’s early close as the market will be greeted with $3.4 billion of new issue supply next week.

In the week ended May 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.02% from 4.00% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipal bonds were mostly stronger in late trading on Thursday as market activity slowed ahead of Friday’s shortened trading session.

The muni market officially got much of what it has spent years fighting for on Thursday, when President Trump signed the banking bill that makes tradable, investment grade municipal securities high-quality liquid assets under federal banking rules.

The municipal market is grinding to a halt, as the long holiday weekend approaches, and market technicals are strong and should remain that way once everyone returns.

Municipal bonds were stronger in late trading as West Virginia and the Regents of the University of California came to market.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.