Markets

Top-shelf municipal bonds were mostly steady around lunchtime on Monday, as municipal market participants are gearing up for the busiest week in a while.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

Texas factory activity, as measured by the production index, “continued to increase in September,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Municipal market participants are gearing up for the busiest week in a while, as they prepare to see nearly $10 billion of new issuance.

The Chicago Fed National Activity Index fell to negative 0.31 and the three-month moving average slid to negative 0.04.

The state plans a $4.5 billion negotiated sale and $1.5 billion competitive sale.

The board approved the reallocation of $1 billion for emergency funding to recover from Hurricane Maria.

Weekly volume in the primary municipal bond market is expected to almost reach $10 billion in what should be the busiest week in 14 weeks – just in time to close out the third quarter on a good note.

Each FHLB regional bank has its own selection criteria, but they look for a real estate portfolio.

The story behind a state’s rainy day fund should be weighed heavily, some municipal analysts said at a recent event.