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The Deal of the Year awards, presented Wednesday, recognize innovation in municipal finance and this year's nominees had to deal with the COVID-19 pandemic in addition to other challenges.

The Federal Reserve Bank of Philadelphia's manufacturing index fell to a seventh- month low, while jobless claims hit a three-month high.

FINRA announced the settlement this week, in which RBC agreed to a censure while neither admitting nor denying FINRA’s findings that it violated Municipal Securities Rulemaking Board Rule G-27 on supervision. RBC was not fined.

Michael Ruvo, president and CEO of BondWave, talks about how he thinks technology changes — and the data that enables those changes — will help with market transparency and make for a more efficient market overall. Lynne Funk hosts. (21 minutes). Recorded Dec. 4.

Its $17 billion operating plan projects $4.5 billion in Washington assistance next year while sidestepping — for now — doomsday service cuts and layoffs.

This was the inaugural issuance under the “No Place Like Home” program, the first large municipal bond program created to invest in homeless housing infrastructure and secured directly by taxes on high-income residents.

The Federal Open Market Committee announcement commits it to buying at least $120 billion of securities a month until “substantial further progress” is made on its dual mandate of stable prices and maximum employment, suggesting it will continue well into 2022.

AAPA contends Congress should provide aid to ports as the industry has been hammered by COVID-19.

ICI reported another $2.3 billion of inflows, new deals continue the march to lower yields and benchmarks rose a basis point seven years and out for the first time since the beginning of December.

Lawmakers approved a plan that would have the Nassau Interim Finance Authority issue 15-year deficit finance bonds to achieve debt savings.