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A government official said the governor took the action as a step to restore Puerto Rico's credit.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index increased 11 basis points to 4.26%.

New municipal bond issues were well received on Thursday as market tone improved.

Gov. Phil Murphy signed a bill funneling 1.25% of sports betting revenues to the Casino Reinvestment Development Authority.

County Executive Steven Bellone of Suffolk County, N.Y. is among those who have asked to speak at a Nov. 5 public hearing.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

The Indiana Finance Authority said it saw strong demand for green bonds.

Groups active in the muni market are spending millions of dollars to influence policy and elect candidates, records show.

More than 100 local governments around the state will ask their voters to approve tax measures in November.

With upside and downside risks balanced, Federal Reserve Bank of Kansas City President Esther George said Thursday, gradual rate hikes remain appropriate.