Southwest

Investors began lining up for the New York City Transitional Finance Authority’s nearly $1 billion building aid revenue bond offering on Friday.

Ipreo estimates weekly bond volume at $9.2 billion, consisting of $7.5 billion of negotiated deals and $1.7 billion of competitive sales.

Munis finished mixed as California State, Los Angeles Airport and L.A. County Facilities Inc. hit the market.

Municipals were mixed at mid-session as the last of the week’s big deals came to market, led by a bond offering out of California and a note sale from Colorado.

Two Dallas-area school districts put their recently approved bonds up for sale to a receptive market.

Requests for municipal bond identifiers rose in June for the fourth month in a row as the Dormitory Authority of New York sold $1.79 billion of bonds to a supply-starved market.

The Texas economy is riding high and producing record tax revenue, but a trade war could reverse the trend, Texas Comptroller Glen Hegar said.

Municipal bonds were stronger at mid-session as a swell of supply swept into the market on Wednesday.

BlackRock says relative valuations and historical seasonal trends suggest favorable conditions for municipals.

Fitch Ratings says the application of its new rating criteria is not expected to result in widespread downgrades.