Southwest

Municipals were mostly stronger at mid-session, as the market waits for the start of the week’s moderately sized new issue calendar.

Denver will combine a current refunding with the first sale of new bonds approved by voters last November.

Municipal bond buyers are looking with anticipation at the week’s calendar and the arrival of a big California tobacco bond deal.

Ipreo estimates weekly municipal volume at $7 billion, up from a revised total of $6.76 billion this week.

Holders of $113 million of Dallas County Schools debt will be made whole within five years.

Municipal bonds were mixed on Thursday as a New York issuer competitively sold $1.6 billion of notes.

Municipals qwere mixed a day after the Federal Reserve raised interest rates while in the primary, a New York issuer competitively sold $1.6 billion of notes.

Municipal bonds turned weaker after the Federal Reserve raised interest rates.

The municipal bond market is waiting for the Federal Open Market Committee interest rate announcement.

The record May tax revenues are a product of a strong economy and 2017 revenue legislation, said Ken Miller, the state treasurer.