State of Texas

The municipal bond market will see a week of meager issuance, as all eyes are on the Federal Open Market Committee and its upcoming meeting.

The holiday season kicks off for the municipal bond market as new issue supply slows to a crawl while the year winds down.

As the end of the year approaches, new issue supply slows down.

Market data shows the trading gap between A-rated and BBB-rated corporate bonds has widened in volume.

Municipals were mixed at midday as Treasury bonds weakened while the last of the week’s supply trickled into the primary market.

Municipals look somewhat less attractive following last week’s rally, but should maintain a firm tone through year-end, an analyst said.

Municipal bonds were trading mixed in mid-session activity as more supply came to market.

The market absorbed a surge in bond issuance, led by the Dormitory Authority of the State of New York and the Illinois Toll Highway Authority.

With only a few weeks left in the year, the muni market is poised for a burst of activity, while also looking ahead to what 2019 might bring.

Volatility in risk assets has led investors to the safety of bonds, according to Societe Generale.