Muni Minute

New York's Metropolitan Transportation Authority intends to sell roughly $1.25 billion in bonds and notes this week as debate simmers over its funding sources.

Illinois and Chicago will be this week's headliners as the state comes under new leadership while the city sells the biggest municipal bond deal of the week — a $551 million offering from the Sales Tax Securitization Corp.

The municipal market and its investors are awaiting the $7.8 billion of new issuance with open arms, as the year starts with a week that's bigger than the five-day average was in 2018.

The municipal bond market winds down the year by seeing only $1 billion of new issues slated to price this week. It’s a far cry from last December, which saw a mad rush to market ahead of the new tax laws.

New York's Metropolitan Transportation Authority board intends to vote on its $16.7 billion operating budget as outyear deficits and other challenges hover.

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

2018 hasn’t been the best or most active year but things are looking up after midterm elections, with what is expected to be a more pro-muni House. Volume this year is looking like it might be the lowest since 2011, but perhaps the new year will bring an infrastructure plan, where munis are expected to be a big component.

Almost $7.5 billion of municipal bonds head into the marketplace in this holiday-shortened week.

Voters across America will be asked to approve over $75 billion of bonds in hundreds of state and local bond elections on Tuesday. Find out where the biggest requests are — and what they aim to finance.

The muni market will see volume rise in the last week of October as buyers will be treated with a billion deal from Chicago’s Sales Tax Securitization Corp. and a $714 million offering from the Department of Los Angeles airports.