Southwest

Municipal bonds were stronger on Tuesday as several large deals swept into the market.

Two years after New Mexico lost its triple-A rating, New Mexico has taken its second downgrade from Moody's Investors Service based on rising pension and Medicaid obligations.

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.