Southwest

While Wylie Independent School District students returned to class Monday, the district school board made a decision that could affect them for generations to come.

The state of Texas is selling the biggest deal of the week on Tuesday — a $5.4 billion note offering, which is also the biggest short-term sale so far this year.

Top-quality municipal bonds finished stronger on Monday, according to traders, who face a smaller-than-average bond calendar and a $5.4 billion Texas note deal this week.

Leaders with the Socorro Independent School District will seek voter approval on a $448.5 million bond measure.

A big drop-off in Texas and a decline in refundings took a bite out of the municipal bond business in the Southwest.

Top quality municipal bonds were stronger at mid-session, according to traders, ahead of this week’s $4 billion new issue calendar.

The municipal bond market is looking at a smaller than average bond calendar this week, which will be dominated by the short-term note sector.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

Victoria school board members agreed late Thursday night to ask voters in November to approve a $141.2 million capital improvement plan.