State of Illinois

Illinois offered top yields to draw strong demand for its $966 million general obligation refunding.

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday.

Illinois came to market on Wednesday with over $900 million of bonds while Texas sold a massive note deal in the competitive arena.

Municipal bond buyers saw some new offerings come to market on Tuesday, led by a Denver city and county deal.

Municipal bonds were firm and little changed on Tuesday as new issue supply started to price.

Trading was muted after last week’s bounty of bond sales, as the market looked ahead to this week’s larger deals, including a $920 million Illinois financing.

A typical quiet summer Monday unfolded, with trading activity muted as the market reflected on last week’s bountiful volume and looked ahead with anticipation to some this week’s larger deals, including the $920 million Illinois financing, muni traders said.

Texas headlines the week's slate as it prepares for a mammoth note sale while Massachusetts prepares large short-term sales of its own.

The document details a $1.2 billion structural imbalance in the state budget labeled as “balanced” by Democrats and Republicans alike,

Texas will take center stage next week with its mammoth note sale.