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The Empire State Manufacturing Survey showed "business activity continued to grow at a solid clip in New York State."

In the week ended Dec. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index nudged up to 3.91% from 3.90% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The municipal bond market will be hurt less than expected by the tax bill with the retention of private activity bonds, but will still be hurt by the loss of advance refundings and the huge reduction in the corporate tax rate to 21%.

The municipal bond market priced deals from Partners Healthcare, South Miami Health and Empire State Development as investors waited for final details of tax law changes affecting private activity bonds.

FINRA said Philip Fluegge violated its rules when he sold shares in municipal fund securities.

City officials said consolidating the boards will improve governance and result in stronger fund performance.

Moody's dropped its outlook on Franciscan Alliance's Aa3 rating to negative from stable.

Municipal bonds have traditionally received short shrift in college finance courses.

The council is exploring legislation to collect around $492 million in delinquent real estate taxes that could aid the city’s school district.

The state government's rising debt burden underscores the need for overhauls to the state’s borrowing rules, according to State Comptroller Thomas DiNapoli.