Southwest

The state government will sideline Houston Independent School District's elected board and take control of the state's largest school district.

A powerful equity market whacked Treasuries and munis followed suit and as much as a 7 bp correction ensued.

Tuesday's results were led by the city of Scottsdale, which won voter authorization for $319 million of bonds.

Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.

Proposition CC, which would have allowed the state to retain revenues above a 27-year-old formula, was defeated.

Schools, public transit and medical research are among the beneficiaries of successful bond measures Tuesday in the Lone Star State.

Texas continued its record-setting pace in October with monthly sales tax revenue growing 7% year-over-year to $2.82 billion.

Municipals weakened along with Treasuries as stocks surged amid good earnings reports and economic data.

All but a $60 million tax-exempt new money piece of UTA's $511.5 million revenue bond deal is taxable.

Market attention turns to the taxable sector as some the week’s biggest deals are set to hit the screens.