State of Texas

Municipals remained weaker on Wednesday as more deals came to market.

Solid investor demand greeted the biggest municipal bond deal of the week – the Texas Water Development Board’s $1.7 billion offering.

Municipal bond buyers saw the biggest deal of the week come to market on Tuesday.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

Municipal bonds were little changed on Thursday as a big sale out of Nevada hit the screens.

Municipal CUSIP requests surged in August, an indication of rising supply in the near-term.

Municipals remained weaker on Wednesday as the market saw several new issues sell in the primary, led by deals from North and South Carolina.

While a somber mood fell over Wall Street as the finance industry reflected on the devastating terrorist attack 17 years ago, the municipal market generated some new supply and cheaper prices.

Action got underway in the primary market on Tuesday as the competitive arena took center stage.