Muni Minute

A wide variety of muni bonds are being offered to buyers this week as issuers take advantage of high demand and low rates.

Investors will see less-common names, higher-quality new issues in $8.3B week.

After a 117% increase in taxable bond issuance in January, the trend continues.

Taxable healthcare deals from NYU, and Escambia County, Fla., to price in market seeing yields fall amid virus fears.

The municipal bond market will see a several large hospital corporate CUSIP taxable deals priced this week. Partners HealthCare Mass General, Cottage Health and Hartford HealthCare top a $7 billion calendar. Just what the doctor ordered for supply-starved buyers.

The Windy City is looking to add even more savings to a $1.3 billion debt refinancing with a tender invitation for some of its older, higher-yielding bonds. “The tender is just gravy,” City CFO Jennie Huang Bennett said last week.

New York’s Metropolitan Transportation Authority tops the calendar in the first full week of 2020 with about $2.5 billion of bonds and notes.

Issuance drops ahead of the holidays; taxables maintain their presence.

There's just no stopping the municipal momentum this holiday season. Happy shopping, investors.

Municipal bond buyers will see over $17 billion of new issues come to market this week, a high for the year. Transportation issues dominate the calendar.