An eventful week chock full of high-grade deals will draw to a slow close on Friday, with light primary and secondary activity expected. Below, what you need to know to finish the week strong.
Primary
No deals over $30 million are anticipated in the competitive or negotiated markets on Friday.
Information provided by TM3 and The Bond Buyer.
Secondary
- Several maturities of Thursday's Texas Transportation Commission deal tightened in secondary trading on Friday morning.
- Yields on the 5s of 2024 fell three basis points to 2.14% in round lot trading on Friday morning, picking up $32 million of trades, according to Municipal Securities Rulemaking Board's disclosure website, EMMA.
- Yields on the 5s of 2023 fell four basis points to 2.05% in round lot trading on Friday morning, picking up $27 million of trades, according to EMMA.
- Yields on the 5s of 2022 fell five basis points to 1.9 % in round lot trading on Friday morning, picking up $24.735 million of trades, according to EMMA.
- Yields on the 5s of 2016 fell eight basis points to 0.28 % in round lot trading on Friday morning, picking up $22.18 million of trades, according to EMMA.
Scales
Municipals weakened in the belly of the curve on Friday morning after a strong week. Yields on bonds maturing between 2020 and 2026 softened up to two basis points, while yields on bonds maturing between 2027 and 2044 held steady, according to the Municipal Market Data triple-A 5% curve. Yields on bonds maturing between 2015 through 2019 were under review.
Information provided by TM3.
