DALLAS - Activity in the municipal bond market has rebounded in the past few days, but officials in Texas continue to monitor conditions and say they will time their debt sales in order to achieve mandated parameters.

Houston has a two-tranche issue on the calendar, but it's unclear exactly when the deal will price. The nation's fourth-largest city plans to offer $387 million of public improvement refunding bonds and $32 million of tax and revenue certificates of obligation through negotiated sales led by Goldman, Sachs & Co. The refunding will take ouot commercial paper.

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