State of Texas

A powerful equity market whacked Treasuries and munis followed suit and as much as a 7 bp correction ensued.

Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.

Schools, public transit and medical research are among the beneficiaries of successful bond measures Tuesday in the Lone Star State.

Texas continued its record-setting pace in October with monthly sales tax revenue growing 7% year-over-year to $2.82 billion.

Municipals weakened along with Treasuries as stocks surged amid good earnings reports and economic data.

Market attention turns to the taxable sector as some the week’s biggest deals are set to hit the screens.

After seeing a whopping $52 billion of new issuance in October, the new paper will continue to flood the market during the busiest week of the year.

With another fed funds rate cut in the books, munis saw a big drop in yields to close out the week and the month.

The volume boom accelerated in October, with taxables accounting for about a quarter of the supply.

Trade and geopolitical disruption will likely consume much of the policy narrative the rest of this week.

Tuesday saw bond sales come and go, the day before the Fed is expected to cut interest rates.

The deal led a rare burst of issuance for a Monday, with the start of the Federal Open Market Committee meeting set for Tuesday.

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.

With interest rates likely to fall lower after Fed policy makers meet, already favorable market conditions for municipal issuers will get even better.

The issuance keeps pouring into the municipal market as muni fundamentals and interest rates drive demand.

The new wave of bond issuance continued unabated as more sales priced on Wednesday.

Massachusetts also came to market with a $1.4 billion sale of revenue anticipation notes in three offerings.

There's something for everyone on this week's primary calendar.

Although the supply/demand ratio is still lopsided, the recent surge had made things a little more balanced.

The last of the week’s big new issues hit the screens on Thursday.