Muni Minute

As the Puerto Rico Oversight Board gets ready to approve a five-year fiscal plan this week, it is setting up a power struggle between itself and Gov. Ricardo Rosselló and the commonwealth legislature.

With almost $11 billion of municipal bond volume heading their way, investors will be in the catbird seat as a wide array of issuers, credits and ratings come to market.

As municipal bond buyers see scant supply head their way this week, savvy investors will be keeping a watchful eye on rising yields.

With $7.5 billion of new supply on the way to hungry bond buyers, the focus is on the East Coast as issuers in New Jersey and New York take the lion’s share of attention this week.

The muni market will see a skinny slate of supply hit the screens this week as volume drops to just over $3 billion ahead of the FOMC meeting and the third quarter wrapup.

Institutional investors are looking forward to this week’s top-rated muni deal from the Texas Water Board, which is selling $1.6 billion of revenue bonds.

Municipal bond buyers will see a varied group of issuers come to market this week, led by the Las Vegas Convention and Visitors Authority.

A battle of the coasts brews this week as the New York City Transitional Finance Authority and the state of California will sell about $2.5 billion of muni bonds, a big chunk of the $3.6 billion holiday week calendar.

Massachusetts returns to the municipal bond market this week as it prepares to offer general obligation bonds ahead of the Labor Day holiday

The Lone Star state grabs the spotlight this week as Texas prepares to sell $7.2 billion of top-rated tax and revenue anticipation notes on Wednesday.

Municipal bond buyers will see the largest new issue calendar of the year come to market this week as almost $12 billion of debt goes up for grabs.

This sultry summer week will get even hotter as about $7.5 billion of municipal bonds are on tap to be offered up to buyers. Deals will be coming for a variety of issuers across the country, ranging from high-quality to high-yield.

Some big deals are heading into the municipal bond marketplace this week as sales from a convention center in Washington state and the state of Maryland will be offered to buyers still flush with cash from the June-July redemption period.

It’s a big week for Puerto Rico with court action taking place on the island and Congressional hearings being held in D.C.

Even as debate rages in Congress about whether to slash the federal government’s role in transportation funding, the New Jersey Transportation Trust Fund Authority is coming to market with $1.2 billion of federal highway reimbursement revenue refunding notes.

Gov. Paul LePage and state lawmakers are at odds about how to fund a voter-approved Medicaid expansion that was supposed to take effect on July 2.

Gov. Phil Murphy and state lawmakers enter the home stretch of a July 1 budget deadline far apart on a spending plan and tax increased needed to combat a steep deficit.

Buyers of municipal bonds will see a sale this week that offers some high yields in return for taking on some additional risk not usually associated with typical deals. California’s Golden State Tobacco Securitization Corp. is issuing a $1.7 billion tobacco bond deal consisting of serials and turbo terms.

The Federal Reserve is expected to raise the fed funds rate target by 25 basis points. Will this lead to more volume?

Municipal bond buyers will see a potpourri of offerings hit the screens this week, with infrastructure deals ranging from airports to gas works to ports.