State of Texas

The municipal market strengthened further on Thursday, with light action in the secondary.

Municipal bonds outperformed other asset classes in 2018 and it looks like the trend will continue into the new year, a trader said.

Municipal bond activity is light as the market is mostly in vacation mode with no major bond sales scheduled until 2019. Nervous investors continued to flock to the safety of bonds amid political developments in Washington and worries of decelerating global growth.

Municipal bonds were stronger with Treasuries as stock market volatility continued. Trading closed early ahead of the holiday.

While stocks are suffering still and there is a chance of a government shutdown, municipals strengthen yet again to close out the second to last week of the year.

With stocks and equities continuing their sell-off, munis continue to flex their muscles — even with a budget showdown in Washington taking place.

The municipal market held firm on Thursday, as new issuance for the year ground to a near halt amid demand for safe investments.

Fresh off another 25 basis point increase in the fed funds rate, the muni market firmed again, with new issuance pretty much curtailed until the New Year.

The Federal Open Market Committee cut its projection for next year to two rate increases from three.

A lone large deal came into an even stronger municipal bond market, as all eyes are on the Federal Open Market Committee.

A few deals trickled into a stronger market, ahead of Wednesday’s interest rate announcement.

The municipal market appears ready to close the year in a positive manner.

Market participants will focus on reading the tea leaves of the Fed statement Wednesday.

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.