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.