State of Texas

Another big week is in store for investors with a $1B NYC deal waiting in the wings.

Municipal bond volume continues to accelerate, closing out the month of September 39.1% higher and the quarter 17.8% higher than a year earlier, as issuers flocked to market with taxable deals.

As we enter the fourth quarter, municipals continue their remarkable performance with the market continuing to follow trends of demand outstripping supply and inflows into the asset class.

Most of this week’s municipal bond deals were well received, according to Peter Delahunt of Raymond James.

Munis strengthened Wednesday, the day after about 80% of the week's new issue calendar came and went.

The market had no trouble absorbing Texas Water's $877 million and a $1 billion deal from New Jersey Transportation Trust.

Municipal bond supply will keep on keeping on this week, continuing a boom that started August.

The primary market was somewhat stagnant after the FOMC but things should revert back how they were before — with most deals getting put away quickly.

Municipal bond yields moved lower in secondary trading as some big deals were sold.

The market got what it expected and can now shift attention to the week's remaining deals after Fed policy makers cut interest rates by a quarter point.

Few deals priced, as trading was subdued before the Federal Open Market Committee’s interest rate decision.

Middle East unrest, oil price volatility and a Fed policy meeting all combine to weigh on this week’s $10B new-issue calendar.

Municipal yields and issuance plans both rose, showing market participants aren't uncertain about the meeting, with a quarter point cut in interest rates baked in.

Municipal traders and managers said the tax-exempt market’s early strength translated into weakness before the end of trading — due to taxable and overseas influences.

Los Angeles and Broward County deals were offered while some say the municipal market feels "heavy" and in retreat.

It was a big day for the municipal bond market as billions of dollars of new deals hit the screens.

Issuers jump into the market as yields remain near record low levels.

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

With its population and economy growing, Texas recorded record revenue in the fiscal year that ended Aug. 31, Comptroller Glenn Hegar reported.

The Chicago Public Schools also came to market with a $349 million GO deal.