Markets

Texas headlines the week's slate as it prepares for a mammoth note sale while Massachusetts prepares large short-term sales of its own.

The State Bond Commission barred the banks from upcoming Garvee bond deals, and said its action may apply to other state bond issues.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

The document details a $1.2 billion structural imbalance in the state budget labeled as “balanced” by Democrats and Republicans alike,

Texas will take center stage next week with its mammoth note sale.

Chicago is accepting request for qualification submissions to supplement the members of its existing pools.

The University of Michigan's preliminary August consumer sentiment index reading was 95.3.

The composite of the Leading Economic Index was up 0.6% in July following a 0.5% gain in June.

In the week ended August 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index dipped to 4.02% from 4.03% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The Port Authority of New York and New Jersey, the New York Metropolitan Transportation Authority, and Connecticut capped a busy week in the muni market.