State of Texas

The muni market finished out the last day of 2019 on a quiet note, with no deals priced and yields ending little changed.

While there are no major municipal bond sales slated for this week, next week is a different matter.

State government issuers are expected to sell $4.68 billion of new money bonds in fiscal 2020, a 6.5% increase, according to the Texas Bond Review Board.

Retail investors have felt confident in the muni bond space for most of 2019.

While municipal bond volume looks to end the year on a surprisingly high note, muni bond yields unexpectedly hit record lows twice in 2019.

Munis finished above $400 billion for the fourth time since 2010 and the third time in the past four years.

Although there will be no more new issuance in 2019, municipal bond investors can get plenty of returns as seasonal trends should provide opportunities from now through January.

With issuance for 2019 done, investors and money managers look forward to a new year — there is optimism that drivers of muni performance will carry over.

The House of Representatives' vote to impeach a president for only the third time ever had 'zero' impact on the municipal market, while stocks soared.

The Dormitory Authority of the State of New York priced its $3.39 billion of bonds, most likely the last billion-plus sale of 2019.