State of Texas

Rising interest rates have created a lot of early October red ink in the bond markets, says J.R. Rieger.

The municipal bond market returned from a three-day holiday weekend only to see action pick up where it left off last week — with yields heading higher.

Municipal bond supply drops off sharply next week with $4.4 billion of volume estimated to hit the screens.

Issuance was light as the municipal bond market got hammered by jumping Treasury yields.

Munis weakened significantly for the second day in a row after the 10-year Treasury hit 3.1268% Wednesday, its highest point since 2011.

Municipal bond prices weakened as supply flooded into the primary sector.

Municipal bond buyers saw more volume hit the screens on Wednesday as the big New Jersey deal came to market.

A wave of municipal bond supply swept into the market, led by New York and California issuers.

Municipal investors saw a wave of supply come to market on Tuesday as New York and California issuers sold debt in the competitive arena.

This week's deals from Dasny and N.J. Transportation may benefit from pent-up demand.

The third quarter ended with a whimper, leaving year-to-date issuance 15% behind last year's pace.

Municipal bond supply jumps next week as the last quarter of the year begins.

Municipal yields strengthened for maturities beyond three years, even though President Trump expressed concern.

The municipal bond market remained in quiet mode a day after the Federal Open Market Committee raised interest rates.

With the Federal Open Market Committee meeting, activity was at a minimum in the municipal bond market on Wednesday.

Wisconsin sold the biggest deal of the week as investors remained wary ahead of the FOMC meeting.

The biggest deal of the week came to market on Tuesday as Wiscon sold general obligation bonds.

The intermediate and long end has moved cheaper, creating an opportunity to add some yield to muni portfolios, says Triangle Park's J.R. Rieger.

Ahead of the FOMC monetary policy meeting and quarter end wrapup, a slim supply slate awaits muni buyers.

Worries about the Fed's monetary policy meeting combined with the looming end of the quarter to keep muni issuance low.