State of Texas

The muni primary saw a flood of issuance on Tuesday, with the majority of it being from Texas issuers including one deal that got majorly upsized.

Issuers are coming to market in droves this week as they try to take advantage of excellent market conditions and get deals done before upcoming holiday shortened week.

Municipal investors should go long as the short end is expensive, strategists say.

It's a win-win situation for both buyers and sellers as volume continues to flow into the market.

The muni market was weaker again on Wednesday with yields on the rise, yet that did not slow down the primary. It did not matter if it was tax-exempt or taxable — they were gone in a flash.

After a record year of sales tax revenue, Texas continued to grow collections in the first month of 2020.

The municipal market has been on a tear in terms of fundamentals and technicals that are driving the market and there isn’t much in the near-term likely to stymie that tone.

Municipal bond buyers will see a $7 billion new-issue calendar ahead.

It was a record day in the market in a couple of different ways, as yields descended further to new record lows on both the 10- and 30-year and the market saw the lowest yield ever for a century bond.

Despite tax-exempts being expensive, strong technicals are likely to extend into February.