City of Houston, TX

The municipal bond market focused on the burgeoning new issue calendar as participants waited for a U.S. Senate vote on tax reform, which may come before the end of this week.

The municipal bond market this week will keep an eye on the building new issue calendar as traders wait for the U.S. Senate to vote on a tax reform proposal which could come as early as Thursday.

The rush to market is set to begin as the municipal bond market will see a hefty new issue slate for the upcoming week at a time of year when it is usually rather sleepy.

The rush to market ahead of tax reform is set to begin, as a $11.743 billion new issue slate looms for the upcoming week.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.

Houston's outlook from Moody's Investors Service was boosted to stable from negative.

With a record $12 billion of bond proposals on ballots across Texas, voters approved more than 91%, according to the Texas Comptroller's Office

Voters in Houston approved the measure by a more than three-to-one margin.

The statewide total exceeds the previous record of $9.1 billion in November 2015.

One city has been placed on credit watch as a clearer picture of the storm's damage emerges.