Securitization

The Hudson Yards deal is set to hit the municipal bond market on Tuesday as the week’s primary market heats up.

Municipal bonds finished stronger on Monday as the Hudson Yards deal was offered to retail buyers for a second day.

Municipal bonds were trading stronger at mid-session as the Hudson Yards deal was being offered to retail buyers for a second day. The market is waiting for this week’s $7.02 billion new issue calendar to get underway in earnest on Tuesday.

More retail orders will be taken on Monday for the big Hudson Yards deal while municipal bond traders will be watching yields. The market will waiting on the new issue calendar, which is estimated at $7.02 billion.

Municipal volume will remain near recent levels the week before the Memorial Day holiday, supported by rising investor demand and a continuing bond rally, market participants said.

Hudson Yards Infrastructure Corp., the developer of a 45 block area on Manhattan's west side, won a two-notch upgrade from S&P Global Ratings.

Goldman Sachs opened the first of a two-day retail order period for the Hudson Yards Infrastructure Corp., N.Y.’s $2.15 billion tax-exempt deal as municipal bonds were unchanged ahead of next week's $7.02 billion calendar.

The municipal bond market on Friday will be looking ahead to next week’s new issue calendar as participants eye falling bond yields. The largest deal of the upcoming week is from the Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds.

Municipal bonds finished stronger on Thursday as the last of this week’s larger new issue deals hit traders' screens.

Municipal bonds were trading stronger at mid-session as the last of this week’s larger new issue deals hit traders' screens.

Bankruptcies and defaults have taught the market that General Obligation bonds, once the bedrock credits, aren't all the same.

Municipal bond traders will be eyeing falling yields on Thursday as the market prepares for the last of this week’s larger new issue deals.

Municipal bonds rallied along with Treasuries on Monday as stocks swooned on growing political unrest in Washington and the District of Columbia sold over $550 million of general obligation bonds.

Municipal bonds were substantially stronger along with Treasuries as stock swooned on growing political unrest in Washington, D.C. Meanwhile, the District of Columbia hit the primary market with over $500 million of general obligation bonds.

The municipal bond market is set to see more volume come their way on Wednesday, led by a large sale from the District of Columbia.

Municipal bonds ended stronger on Tuesday as Morgan Stanley priced the Los Angeles Unified School District’s $1.08 billion of general obligation refunding bonds.

Municipal bonds were stronger at mid-session, according to traders, as Morgan Stanley priced the Los Angeles Unified School District’s $1.08 billion of general obligation bonds.

After a busier than usual Monday that featured one institutional pricing, as well as a premarketing and a retail order period, municipal market participants are waiting for more action Tuesday.

Top-shelf municipal bonds were unchanged on Monday, according to traders, who got an early start to the week with one institutional sale and retail pricing for a second deal.

Top-shelf municipal bonds were mostly steady around midday on Monday, according to traders who got an early start to the week with one institutional sale, as well as a retail pricing for a second deal and indications of interest for a third deal.