Southwest

Tax accountants, financial advisors, private schools, and other organizations are advertising tax credits for donating to private K-12 voucher funds as ways to "sidestep," "bypass," "circumvent," or "mitigate" the impact of the federal SALT deduction cap, according to a survey.

Muni finished stronger Tuesday in an abbreviated trading session. Markets are closed Wednesday and trading will resume on Thursday.

Municipals were stronger as bond market participants were winding up their activity ahead of the early close.

Three rulings by the U.S. Supreme Court this term will have a lasting impact on the finances of many municipal bond issuers, Fiera Capital says.

While advocates support the $250 million bond proposal as a matter of social justice, a city council member questions the lack of specificity on projects.

Some Puerto Rico issues were trading lower on Monday after a federal watchdog approved a revised budget for the commonwealth over the weekend.

The municipal market will see only $74 million of deals in a holiday-shortened week, raising demand for supply the week after.

Ipreo estimates weekly bond volume at $73.8 million, consisting only of competitive sales and no negotiated deals.

Municipal market activity remained quiet Thursday afternoon wrapping up a week in which investors snapped up some large new issues.

Texas will take its triple-A rating to the muni market with $240 million of refunding bonds for the state's water development program.