State of Colorado

Municipal bond buyers were seeing the first of the week’s deals come to market as two big competitive issues sold.

While munis turned in a mostly solid performance on Monday, a Charles Schwab & Co. report said they are less likely to outperform Treasurys in the second half.

Munis were firm at mid-session as traders get set to see some much-anticipated supply hit the screens this week.

Municipal bond activity returns to a near-normal level as a slew of deals heads into the market, led by New York and California issuers.

Ipreo estimates weekly bond volume at $6.6 billion, consisting of $5.5 billion of negotiated deals and $1.2 billion of competitive sales.

S&P Global Ratings elevated its outlook for Colorado's AA issuer credit rating to stable.

Moody's sees minimal, but still credit positive, revenue effects for governments that tax legal cannabis.

State lawmakers compromised on legislation that provides $2.3 billion of bond authority for transportation and boosts funding for the state's lagging pension fund.

Gov. John Hickenlooper signed a $28.9 billion state budget.

Amid teacher protests, Colorado lawmakers have two weeks to clear a backlog of bills that include a $5 billion transportation bond authorization and a pension funding measure.