Market has ‘Reasons for Optimism’ Ahead of $9.9B Week
Munis finished unchanged to stronger on Friday, according to traders, which marks the first time in a while that yields did not rise. Market participants are hoping this is a good sign to come, as will are scheduled to have nearly $10 billion of issuance in the upcoming week.  more »
Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings. more »
Municipal bonds were trading steady to stronger at mid-session, according to traders, who were looking ahead to next week's nearly $10 billion new issue calendar. more »
Municipal bonds were steady to weaker in early activity, according to traders, who were going through their inventory after a busy week and looking ahead of next week's nearly $10 billion new issue calendar. more »
There is a sense among some market participants that the landscape for state credit has shifted amid concerns about revenue loss, pension liabilities, and other difficult-to-solve problems. more »
"New York City business activity showed confidence and optimism after an uncertain summer and fall," as the current business conditions index increased to 52.5 in November from 49.2 in October, the Institute for Supply Management-New York's Report on Business index, released Friday, indicated. more »
U.S. inflationary pressures were up in November, as the U.S. future inflation gauge gained to 113.8 from a downwardly revised 113.4 reading in October, first reported as 113.7, according to data released Friday morning by the Economic Cycle Research Institute. more »
The U.S. unemployment rate fell to a nine-year low of 4.6% in November as the economy added 178,000 jobs, likely good enough to satisfy the Federal Reserve as it prepares for an interest-rate hike this month. But an unexpected decline in average hourly earnings and the workforce participation rate cast a shadow over the report from the Bureau of Labor Statistics Friday. more »
In the week ended Dec. 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 12 basis points to 4.35% from 4.23% in the previous week. The BB40 Index is based on the price of 40 long-term bonds. more »
Top-rated municipal bonds again finished weaker, traders said, as the last of the week’s new issue supply came to market Thursday. Munis followed Treasuries lower ahead of Friday’s U.S. employment situation report. more »
The San Diego Unified School District won The Bond Buyer's 15th annual Deal of the Year award for its $471 million sale which smashed the template for local general obligation bonds in California. more »
David Carrington, who was president of the commission that placed Jefferson County, Ala., into Chapter 9, said his experience presents an opportunity for him to consider running for governor. more »
Los Angeles City Administrative Officer Miguel Santana is stepping down from his current role to work for the Los Angeles County Fair Association. more »
Chicago wrapped up its second billion-dollar airport deal within a month at a price that displays how much the market has changed in that short time. more »

Climate Bonds Initiative CEO Sean Kidney, in a spirited chat from London with northeast regional editor Paul Burton, charts the landscape for the U.S. municipal green bond issuance.

Here are some of the key "known unknowns" — factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector — as the Trump Administration and Congress sort them out.

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