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The new-issue calendar rises to $9.175 billion next week, with $6.089 billion of negotiated deals coming to market and $3.086 billion of competitive deals on tap.
July 5 -
The issuance is expected to generate strong interest in D.C., Virginia, and Maryland.
July 5 -
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"The forces of municipal fundamental and technical measures are setting up a reconciliation against higher UST yields," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.
July 3 -
July will see $35.2 billion of redemptions, down 13% month-over-month but still 35% higher than 2024's monthly average of $27 billion, said Pat Luby, head of municipal strategy at CreditSights.
July 3 -
"With a nonexistent new-issue calendar and heavy dealer balance sheets, we expect the muni market to get a bit 'grabby' over the next few weeks," AllianceBernstein strategists said.
July 2 -
Infrastructure practice is a "strategic priority" for the firm, it said in announcing the hire of Elena Millerman.
July 2 -
"While valuations are still historically tight, the extra demand through the summer should help support the muni market in the coming weeks," Birch Creek strategists said.
July 1 -
In a week that culminated in headline-grabbing events — a presidential debate, several Supreme Court decisions, more macroeconomic data to add to Fed policy expectations — municipals closed on a quiet note and in the black for June.
June 28 -
Two universities at opposite ends of the state received Moody's downgrades this week.
June 28