State of Texas

Debate over taxables, climate, ESG, possible infrastructure bill hang over 2020.

The muni market strengthened, following treasuries, as yields continued to drop.

With demand at an all-time high and record inflows that is continuing to come into the market, one would think there would be more issuance.

A mixture of taxable and tax-exempt deals priced into a market flush with cash. Muni yields continued to descend, as they moved three basis points lower today.

Large taxable deals fare well while gilt-edged Delaware yields track in line with AAA benchmarks in competitive deal.

After returning north of 7% in 2019, the municipal bond asset class continues to see strong returns so far in 2020.

Although municipal bond volume is expected to rise by almost $2 billion, it won’t be nearly enough to satisfy investors’ thirst for the asset class.

On heels of a successful GO deal on Wednesday, the market was hit with more Chicago paper as the city's STSC deal saw ample demand.

Chicago GOs were upsized and repriced on Wednesday to bump yields as indications of interest were taken on the Sales Tax Securitization sale.

The muni market saw a handful of deals price while the market strengthened ahead of the bellwether deals that come Wednesday and Thursday.

It has been a couple of years since the market has seen an active January to start the year.

Demand for municipal bonds is much stronger in 2020 than it was to end 2019, illustrated by record inflows into the asset class in the latest reporting week.

The muni market saw the last issuance of the week come and go; the front end of the curve were stronger than the long-end.

It's been a few weeks since the market has seen "normal" issuance, but investor demand picked up right where it left off before the holidays.

Four large competitive deals stole the show on Tuesday, including New Jersey's first general obligation sale in a little more than three years.

The municipal bond market started off the week adopting a cautious tone, eyeing issuance and world events.

Texas closed out a record year of sales tax collections with a strong kick in December, state Comptroller Glenn Hegar said.

Municipal bond buyers have plenty of cash in hand and will have various options as to where to put that money to work.

Municipals look to be well positioned entering 2020 against a strong backdrop of market technicals and stable credit outlook.

The municipal bond market eclipsed the $400 billion mark for the fourth time since 2010, thanks to taxable trend that led to a vault in fourth quarter volume.