Securitization

Municipal bonds were trading weaker at mid-session, according to traders, who were awaiting the start of this week’s $8.26 billion new issue slate.

Municipal bond market participants are looking at this week’s $8.26 billion new issue slate, which is dominated by a big California healthcare issuer. This week’s calendar is composed of $6.51 billion of negotiated deals and $1.75 billion of competitive sales.

The municipal market is set to see a bump in new supply next week, something that market participants have been craving.

The Iowa fertilizer project used more than $1 billion of private-activity borrowing.

Municipal bonds were unchanged at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. Ipreo estimates volume at $8.26 billion, up from a revised total of $5.94 billion this week, according to updated data from Thomson Reuters.

Municipal bond market participants are looking ahead to next week’s new issue slate, which is dominated by a big California healthcare issuer – bringing both corporate and tax-exempt debt.

California’s big bond offering came to market on Thursday and was well received by buyers, according to traders. In secondary activity, municipal bonds finished weaker.

California’s big taxable bond offering hit the market on Thursday as municipal bonds weakened in secondary trading.

Municipal bond traders are set to see the biggest deal of the week hit the screens on Thursday – the state of California’s $1 billion-plus taxable bond offering.

Top-quality municipal bonds finished mixed on Wednesday, traders said, as more supply slipped into the market.

Top-quality municipal bonds were mixed at midday, traders said, as more supply slipped into the market. Traders were also watching yields, which have been trending downward.

After a day filled with new deals, the municipal bond market will see another session of supply on Wednesday with big offerings from Pennsylvania and Arizona on tap.

Top-rated municipal bonds finished stronger on Tuesday, as the Dormitory Authority of the State of New York’s $345.9 million of revenue bonds were priced for institutions after a shortened retail order period.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the first of the week’s large deals hit the market.

Municipal market participants are set for action to get started in the primary with several large negotiated and competitive deals on tap, led by issuers in New York, Florida and Virginia.

Municipal bonds ended narrowly mixed on Monday, ahead of the start of the week's scheduled $6.82 billion of new issuance, traders said.

Municipal bonds were stronger at mid-session, according to traders, who were eyeing declining muni yields as they await the start of the week’s new issuance. Muni volume is estimated at $6.82 billion this week.

Municipal bond market participants are returning to work after the long holiday weekend. Traders will be eyeing declining muni yields as they await the start of the week’s new issuance.

Municipal market participants will come back to work after a long holiday weekend to almost $7 billion of new issuance, highlighted by another billion dollar deal from California.

Municipal bonds were trading stronger at midday, according to traders, who were wrapping up their business ahead of the full market close for Good Friday. Ipreo estimates municipal bond volume for next week at $6.82 billion.