Customer Logins
Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
Customer Logins
BLOG
Jul 14, 2023
US Municipal Bond Calendar Week of July 17, 2023
Municipal Bond Visible Supply
A total of $7.9B+ of municipal bonds are slated for this week, led by TX, CA, and NY negotiated deals.
Supply at the top three issuing states are relatively balanced across near- and medium-term, but light on the long end.
NY supply is led by the $950M New York City Transitional Finance Authority Future Tax Secured Subordinate Bonds Fiscal 2024 Series A Subseries A-1 Tax-Exempt Bonds issue.
Year-to-date Municipal Bond Issuance Recap
After five consecutive YoY monthly declines, municipal primary market issuance increased 5% in June and finally printed the first yearly gain of 2023.
Taxable negotiated deals declined 42% YoY while tax exempt negotiated deals only declined 4% YoY. Private placement activity almost came to a halt with tax exempt PP volume reduced by 54% and taxable PP by 95%.
Housing issuance increased 8% YoY and is the only sector that grew on the year, while health care dropped the most at 45% YoY.
S&P Global provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fus-municipal-bond-calendar-week-of-july-17-2023.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fus-municipal-bond-calendar-week-of-july-17-2023.html&text=US+Municipal+Bond+Calendar+Week+of+July+17%2c+2023+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fus-municipal-bond-calendar-week-of-july-17-2023.html","enabled":true},{"name":"email","url":"?subject=US Municipal Bond Calendar Week of July 17, 2023 | S&P Global &body=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fus-municipal-bond-calendar-week-of-july-17-2023.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=US+Municipal+Bond+Calendar+Week+of+July+17%2c+2023+%7c+S%26P+Global+ http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fus-municipal-bond-calendar-week-of-july-17-2023.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}