Southwest

Municipal bonds were trading firmer Thursday as the last of the week's big deals came to market.

Rick Witte, former head of public finance for Andrews Kurth Kenyon, is among those making the move from that firm.

Municipal bond buyers welcomed several big deals on Wednesday as demand outpaced new bond supply.

The light month for long-term municipal bond volume is another ripple effect of the new tax law and the issuance rush leading up to its enactment.

Playing a waiting game on Wednesday, portfolio managers were looking for volume to normalize.

Federal Reserve Board Chair Jerome Powell’s testimony before Congress was perceived by some market participants as increasing the possibility of a tighter monetary policy.

Fed Chair Powell's Congressional testimony failed to move municipal bond prices ahead of this week's new issue slate.

The municipal bond market is expected to give a warm reception to variety of new issues in the smaller-than-average $4.8 billion calendar.

Bernalillo County and Albuquerque both can issue industrial revenue bonds, but over the past five years, the county has approved 26 such proposals to none from Albuquerque.

Municipal bond volume across the eight-state Southwest region in 2017 fell 9% below its 2016 record.