State of Texas

Municipal bonds ended unchanged on Monday ahead of this week $8 billion of new issuance.

The muni market steadied Wednesday as a strong dose of supply hit the screens.

Municipals were slightly weaker on Tuesday as investors take stock of inventories and exceedingly low yields for a market that might be ripe for a correction.

Municipal investors are somewhat tepid on current low rates Monday ahead of the week's $`11.5 billion of new supply.

Municipals continued to correct, with yields on the AAA scales rising by as much as three basis points as signs point to investor pullback from current low yields.

The competitive sale is scheduled for Aug. 19 with Stifel Nicolaus as financial advisor.

With help from federal stimulus funding and online sales, Texas sales tax revenues turned positive in July. However, other tax revenues have fallen significantly.

Municipal bonds were little changed on Monday ahead of this week's new-issue calendar.

Municipal bonds finished out the month on a strong note, with yields dropping by as much as two basis points on Friday.

Municipals were little changed as all eyes focused on the primary.

The lack of a significant new-issue calendar is encouraging some investors to purchase ahead of the first of the month, but others are putting buying off until the arrival of Aug. 1 redemptions.

Municipals finished mostly stronger on Thursday as retail investor confidence remained high for the 11th straight week. Taxable 'social' bonds for nonprofits are making their mark in the municipal space.

Municipals were stronger on the short- and intermediate ends as long maturities held firm in quiet trading on Wednesday.

Texas faces a shortfall of $4.8 billion at the end of fiscal year 2021, Comptroller Glenn Hegar reported.

Texas reported June revenues improved from May, but still down year-over-year.

The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.

Municipal bond funds and ETFs saw combined inflows of $2.942 billion in the week ended June 17, ICI said.

Municipals finished little changed on Tuesday in light trading activity with the summer seeming to settle in.

Despite this week’s smaller calendar, the recent surge of bond deals could make June the most active month of 2020.

Municipal bonds finished a very active week little changed as participants caught their breath after seeing almost $12 billion of new issues come to market.