Southwest

Munis were buoyed by election results indicating that infrastructure may be on the Congressional agenda.

The results stand to influence the municipal market through capital planning and budget actions with potential impacts on ratings and borrowing levels.

Voters in three states approved Medicaid expansion, highlighting dozens of ballot measures around the country that will impact budgets and credit.

Munis will see some deals price into a slightly stronger market on the heels of Tuesday's midterm elections.

Muni activity is being tempered by this week’s election focus, market sources said.

Sales tax growth in Texas grew 7.3% year-over-year to an October record of $2.6 billion, the state's comptroller said.

States have reversed deterioration found last May.

The Virginia College Building Authority competitively sold almost $215 million of tax-exempt and taxable revenue bonds.

A lack of depth in the market is partly to blame for low trading activity, according to one manager.

School vouchers in Arizona and bond measures in Colorado are among the fiscal ballot measures Southwest voters will decide Tuesday.