Southwest

Municipal bonds ended unchanged on Monday ahead of this week $8 billion of new issuance.

Low rates in an economic crisis brought a plethora of Southwest municipal bonds to market, and some see a strong second half coming.

The muni market steadied Wednesday as a strong dose of supply hit the screens.

Municipals were slightly weaker on Tuesday as investors take stock of inventories and exceedingly low yields for a market that might be ripe for a correction.

Municipal investors are somewhat tepid on current low rates Monday ahead of the week's $`11.5 billion of new supply.

Municipals continued to correct, with yields on the AAA scales rising by as much as three basis points as signs point to investor pullback from current low yields.

Hector Matos brings years of experience as a Texas school finance expert and Citigroup banker to Raymond James' new San Antonio office, the firm said.

The competitive sale is scheduled for Aug. 19 with Stifel Nicolaus as financial advisor.

Oklahoma returned to a positive trend in tax receipts in July, but Treasurer Randy McDaniel cautions that troublesome signs remain.

With help from federal stimulus funding and online sales, Texas sales tax revenues turned positive in July. However, other tax revenues have fallen significantly.