State of Texas

Municipal and Treasury bonds weakened as stocks surged to record highs in early trading.

MacKay Municipal Managers has released its list of the top five trends to watch for in the municipal market this year.

State agencies and universities are expected to generate 26% less bond volume this fiscal year, according to the Texas Bond Review Board.

Issuers rushing to close PABs and refunding deals propelled issuance past the single-month record set before 1986 tax reform.

The municipal bond market will see a second week of chunky new issuance, with almost $20 billion of new deals lining up for sale.

The municipal bond market was one again looking at an above-average calendar for next week, with negotiated supply alone coming in at over $17 billion.

Mega-deals from Chicago, San Jose, Trinity Health and Miami-Dade all hit the screens as yields on municipal bonds plunged further.

Mega-deals from San Jose, Miami-Dade and Chicago hit the screens on Wednesday while yields on municipal bonds continued to move lower.

There’s no rest for the weary as more deals are set to hit the municipal bond market on Wednesday, topped off by offerings from San Jose and Chicago.

The possibility of the municipal market losing both advance refundings and private activity bonds brought a spike in issuance that's likely to extend into December.

Texas state pensions bear the third-highest risk of a downturn-driven "budget shock" behind Alaska and Connecticut, according to Moody's Investors Service.

More states and localities moved ahead with infrastructure financings in October, as issuers gained confidence the municipal tax exemption will remain in place.

Recovery from Hurricane Harvey is expected to cost state government about $2 billion over the next two years.

Despite Hurricane Harvey's arrival, Texas's monthly sales tax revenue rose 10.4%, according to state Comptroller Glenn Hegar.

Issuance of municipal bonds fell 33.9% to $26.7 billion compared to $40.4 billion in September 2016.

Volume shrank from August 2016, when the market was on a record-breaking run.

Top-shelf municipal bonds were weaker at mid-session, according to traders who are looking ahead to next week’s $6.87 billion new issue calendar.

Top-shelf municipal bonds were slightly weaker in early activity, according to traders, who are looking ahead to next week’s new issue slate.

Top-shelf municipal bonds ended unchanged on Tuesday as eight separate groups won portions of the big Texas note deal.

Top-shelf municipal bonds were unchanged at mid-session as the state of Texas sold the biggest note deal of the year.