Jefferies Prices $1.14 Billion Sutter Health Bonds as Muni Market Waits for CPI

1 articles · Updated · Bond Buyer · Aug 11

$1.14 billion of Sutter Health revenue bonds were priced by Jefferies for the California Health Facilities Financing Authority, with yields ranging from 2.30% in 2027 to 4.77% in 2056.
Municipal bonds were little changed Tuesday, with muni yields moving by no more than 1 basis point as investors held positions ahead of Wednesday's U.S. consumer price index report.
Schwab's Cooper Howard said elevated supply remains the market's main theme, warning that if muni yields start lagging Treasuries more noticeably, it could signal weaker absorption.
Primary issuance stayed heavy beyond Sutter, including $1.06 billion of Atlanta airport bonds, $453.04 million for Los Angeles County sanitation districts and $444.94 million from Miami-Dade County.