State of Texas

A lack of depth in the market is partly to blame for low trading activity, according to one manager.

Municipal supply slacks off this week as bond yields continue to inch higher.

The muni market continued its recent trend of weakening everyday, while the October labor data was strong, with nonfarm payrolls jumping to 250,000 versus the expected number of 190,000.

Munis will see the last weekly issuance roll in - as the past few days hasn’t gone as planned, with rising yields and rocky market conditions causing the biggest deal of the week to postpone the deal.

The municipal bond market is gearing up for what should be a busy week, with a bunch of good sized deals and one mega deal.

Municipal bond supply takes a leap forward next week as Chicago’s Sales Tax Securitization Corp.’s $1.31 billion deal headlines the new issue calendar.

Municipals remained mixed as deals from Phoenix airport and Chicago issuers came to market.

Municipals were mostly stronger at mid-session as the last of the week’s big deals came to market.

Volatility in the equity market spurred a flight to quality.

Municipals were stronger at mid-session as new supply started to trickle into the market.