City of Houston, TX

A reported preliminary 25.8% drop in May issuance shows how strong fund inflows, improving credit and the reopening of governments are keeping the muni market issuer friendly.

Cameron Mock, chief of staff and senior fiscal advisor to the deputy governor of Illinois, Melissa Dubowski, deputy finance director of the city of Houston and John Markowitz, assistant treasurer of Transurban, join Innovation Editor Lynne Funk to discuss their day-to-day work navigating COVID-19 effects, budget stresses and the future of public finance post-pandemic. (25 minutes).

Deputy finance director, Houston

The new-issue market saw deals from Houston, the Illinois Finance Authority and the City and County of San Francisco, Calif., hit the screens.

The bonds are pricing in three series on Wednesday and Thursday through senior manager Morgan Stanley.

Municipal bond prices remained steady as more supply hits the screens.

Municipals finished little changed on Tuesday in light trading activity with the summer seeming to settle in.

Heavyweight ballot measures include $3.5 billion from the Metropolitan Transit Authority of Harris County and $3 billion for the Cancer Prevention Research Institute of Texas.

A pre-marketing scale was released on California's $2.3 billion GO deal.

The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.