State of Texas

The municipal bond market will see a light new issue calendar next week as the Federal Reserve meeting on monetary policy puts a damper on new debt issuance.

Municipal bonds steadied after sliding the previous day, as the last of the week’s new issuance came to market.

Munis were stronger on Thursday as the last of the week's supply slipped into the market.

Municipal bonds were weaker Tuesday as Illinois sold $500 million of bonds and the N.Y.&N.J. Port Authority deal was priced.

The recent performance of munis has reset relative valuations to more attractive levels, according to BlackRock's Peter Hayes.

Municipal bond buyers had a wide variety of offerings to choose from on Tuesday.

Municipal bonds finished weaker on Monday ahead of a what will be an busy Tuesday with a few billion of new issuance hitting the market.

The muni market is eagerly awaiting the $1.4 billion Delta deal to kick off the week's activity.

Next week's $7.8 billion new issue slate features airport and water deals coming from New York and Texas issuers.

Some say cheapness on the short end of the municipal yield curve is starting to boost investor demand.