Posts Tagged ‘Texas’
September sees first month of YOY supply growth
September’s total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month’s total is lower than the $30.652 billion 10-year average, according to Refinitiv data.
Read MoreDeals from Texas, Florida top slate; muni yields continue to rise
“People are just kind of sitting on their hands and being careful because MMD is raising yields every day and people don’t know which way this is heading,” said John Farawell of Roosevelt & Cross.
Read MoreMoody’s upgrades North Texas Tollway ratings ahead of bond refunding
The upgrades mark the second in a year for the tollway authority’s ratings, which were raised last August by S&P Global Ratings.
Read MoreWeaker USTs, large new issues put pressure on triple-A curves
J.P. Morgan held a one-day retail order for $1.65 billion of revenue bonds from the Dormitory Authority of the State of New York, while Minnesota sold $1.02 billion of GOs in the competitive market in five deals.
Read MoreMunis weaken ahead of nearly $9B new-issue calendar
For the coming week, investors will be greeted with a larger new-issue calendar led by large New York and Texas ISD issuers, along with gilt-edged Minnesota selling competitively.
Read MoreDebt plan in works for Dallas convention center project
The city would issue short-term debt this summer and refund it as part of a long-term bond offering next year.
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