Muni Minute

The primary market is getting something it has been seeking for a while, with $10 billion of new supply on the docket. The New York City Transitional Finance Authority, California and Illinois are set to bring almost half of the week's supply.

As Illinois’ Cook County looks set to repeal its unpopular penny-an-ounce sweetened beverage tax, cities and states around the country that have pondered such a revenue-raiser are looking at what this could mean.

The primary muni market is set to break the pattern of low and slow volume and give market participants a variety of options to put their money to work. The timing of the almost $10 billion in weekly volume will help close the third quarter on a high note.

The Federal Open Market Committee meeting should produce a start date for balance sheet reduction and a new dot plot, but no rate hike.

After a short week with slow and low volume, the primary municipal bond market with get a normal dose of issuance this week when there is cash to be put to work. Market participants' eyes will be on New York City, which is set to bring more than $1 billion.

Although the holiday shortened week curbs muni volume to less than $4 billion it should not impact demand. Municipal market participants will have their eyes on the sizeable deals of the week.

The State of California is expected to wet the whistle of investors when it brings a scheduled $2.5 billion deal to a supply-strapped market.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The state of Maryland is expected to bring $1.34 billion over two competitive sales, bringing the possibility of resetting the municipal yield curve.

Municipal bond buyers are heading off to Chicago this week to attend the Windy City’s annual investor conference.

Recent financial gains such as funding from Senate Bill 1 and a TIFIA loan mean that hope is on the way for drivers of Orange County, California.

New York Metropolitan Transportation Authority’s intended $500 million offering of transportation revenue bonds will be on the day-to-day calendar amid the authority’s wave of derailments, signaling malfunctions and track fires.

After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.

With the first half of the year officially in the books, we take a look at long-term municipal bond issuance.

As the end of the fiscal year for most states’ is approaching, there remain a handful of key states who have yet to pass a budget.

If passed, the Financial CHOICE Act of 2017 would have a widespread ripple effect, as there are muni bond provisions which would hurt enforcement organizations such as the MSRB and SEC.

Time’s almost up for Illinois state lawmakers and the governor to come up with a budget plan that all can live with as the spring legislative session ends this week.