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The weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell 10 basis points to 3.81% in the week ended Jan. 4, from 3.81% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

While dodging the actual phrase, Gov. Andrew Cuomo suggested now is the time to seriously consider a tolling plan to fund subway and street repair in New York City.

The court upheld a county ruling that taxation limits under a state law eclipse the city's home-rule charter.

Debt service may be cut from 24 cents on the dollar as the commonwealth deals with recovery from Hurricane Maria.

Federal Reserve Bank of Philadelphia President Patrick Harker, said Friday he thinks the Fed should reassess its targets and may want to raise rates only twice this year.

The value of new factory orders rose by 1.3% in November, slightly larger than the expected 1.1% increase in an MNI survey.

The U.S. services sector expanded in December as the non-manufacturing business activity composite index was 55.9.

After a week that saw few deals come to market, municipal bond traders will see the calendar perk up a bit next week as several issues of size are set to hit the screens.

The November trade deficit widened to $50.5 billion from a revised $48.9 billion deficit in October.

U.S. job gains slowed by more than forecast in December, wage gains picked up slightly and the unemployment rate held at the lowest level since 2000, adding to signs of a full-employment economy.