Markets

Moody's upgraded the Lincoln-Way district, saying it has effected a fiscal turnaround after the management woes and investigations that sent it to junk in 2016.

Texas issues are headlining this week's slate of supply.

Houston expects strong demand for the refunding bonds pricing on two days this week.

An increased reliance on endowment spending put the highly selective liberal arts college at risk of a credit downgrade.

Refundings rebounded in the first half of 2019, but total bond volume across the Southwest fell to a six-year low.

Houston also will offer investors $1B of utility system revs.

Municipal bond volume is 2% ahead of last year, as volume sans advance refundings is starting to level out and normalize.

Public facilities and electric power were the sectors with the biggest declines.

Short-term notes rose 17.9% in the first half of 2019 based on low rates, high demand, flatter yield curve and a backlog of projects.

After a wild and crazy week that saw the yield curve invert for the first time in 12 years, recession talk, and record lows for muni yields — there was a much calmer tone on Friday.