State of Texas

With a focus on infrastructure deals, muni buyers are set for a hefty new-issue calendar.

Municipal bonds were mixed on Monday ahead of this week’s hefty new issue calendar.

Munis turned mostly weaker on Friday as the market prepared for a fourfold jump in issuance after a holiday shortened week.

Municipal bonds were mostly weaker Friday after a strong employment report and ahead of next week’s almost $10 billion new issue slate.

As the last of the week’s larger new issues came to market, municipal bonds finished stronger on Thursday.

New money deals helped issuance rise for the third straight month in May.

Municipal bonds were stronger at midday, holding onto hefty gains made earlier in the week as the last of the week’s larger deals came to market.

Municipals participated in a safe-haven trade on Wednesday following the Treasury-led rally on Tuesday.

Municipal bonds on Wednesday added on to the gains made during Tuesday’s rally.

Municipal bonds were stronger ahead of Friday’s early close as the market will be greeted with $3.4 billion of new issue supply next week.