State of Texas

Massachusetts and Texas will be in the market next week as the unofficial summer season winds down during the last week before Labor Day.

Deals from New York and Massachusetts led the new issue slate on Thursday as the last of the week’s supply came to market.

Municipal bond market participants are seeing the last of this week’s new issues come to market on Thursday, led by issuers from New York and Massachusetts.

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday.

Illinois came to market on Wednesday with over $900 million of bonds while Texas sold a massive note deal in the competitive arena.

Municipal bond buyers saw some new offerings come to market on Tuesday, led by a Denver city and county deal.

Municipal bonds were firm and little changed on Tuesday as new issue supply started to price.

A typical quiet summer Monday unfolded, with trading activity muted as the market reflected on last week’s bountiful volume and looked ahead with anticipation to some this week’s larger deals, including the $920 million Illinois financing, muni traders said.

The Lone Star state grabs the spotlight this week as Texas prepares to sell $7.2 billion of top-rated tax and revenue anticipation notes on Wednesday.

Texas headlines the week's slate as it prepares for a mammoth note sale while Massachusetts prepares large short-term sales of its own.