The Latest

Rampant issuance continues with $12.4 billion, heavy on taxable deals. Meanwhile, the end of this volatile week had the secondary getting whacked with AAA benchmarks showing big cuts.

The House Natural Resources Committee, meanwhile, is meeting Oct. 22 to consider removing the infrastructure revitalization section from the federal legislation that established the Puerto Rico Financial Oversight and Management Board.

The Jacksonville, Florida, municipal utility received 16 bids from buyers wanting to purchase its electric and water systems.

With talk of a possible mini deal on trade with China and the Federal Reserve announcing it will buy about $60 billion of Treasury bills each month to build its reserves, the 10-year Treasury note was yielding more than three-month bills on Friday for the first time since July.

From its founding by a single lawyer in 1919, the century-old firm became Texas' dominant law firm in public finance.

J.B. Pritzker wants lawmakers to pool the assets of hundreds of local public safety pension funds outside Chicago into two statewide funds.

The authority is bringing $950 million of taxable bonds and $1.7 billion of tax-exempts.

Moody's says the adoption of an on-time budget along with audited financials are positive developments.

The state aid will be especially helpful for cash-strapped municipalities that are already charging customers high water rates, Moody's said.

Issuers from New York, Florida and Nebraska offered buyers notes, bonds and taxable deals.