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John Hallacy, founder of John Hallacy Consulting LLC, talks about the most important opportunities and challenges the municipal bond market will face in 2021. He gives his estimate on where muni volume may be headed, discusses the possibility of a federal infrastructure program and talks about what to expect under a Biden Administration. Chip Barnett hosts. (Recorded Dec. 22; 22 minutes)

Doug Vissicchio, who has nearly three decades of experience, has joined UBS as managing director and head of principal municipal trading to continue the firm's development of its principal municipal trading businesses.

Three of seven board members will be from the original group.

The top 20 more than doubled the gains of their fixed-income industry peers.

The tax-exempt general obligation bonds were part of a $795 million proposal approved by voters on Nov. 3.

FOMC members backed maintaining asset purchases, although “a couple” were “open” to “weighting purchases of Treasury securities toward longer maturities,” according to minutes released Wednesday.

Sources expect funding to be put to use quickly compared to the CARES Act since many cities since stood up programs to provide pandemic related aid to households and small businesses.

Bond attorneys said the new rules fill in some holes because the IRS previously only had a process for tax-exempt bonds.

Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month.

Some economists say the changes, such as a rise in minimum wage, would be a negative for the local economy.