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With supply ballooning, reinvestment dollars at lows of the year, J.P. Morgan's Peter DeGroot argues the next few weeks could offer the best opportunity to buy bonds of the year – and possibly the rate cycle. DeGroot talks about this, plus potential impacts of shifting investor behavior on market liquidity, and what the upcoming election might mean for tax policy and the muni market. Lynne Funk hosts.

Disruption was on the minds of those gathered in Chicago last week for MuniTech, a conference billed as a magnet for the "tech-forward" in public finance.

The banking giant has been fined for reporting 65,335 municipal securities transactions that it shouldn't have, violating MSRB Rule G-14 on customer transaction reporting and MSRB Rule G-27 on supervision.

Litigation in Arizona, Oklahoma, Texas, and Utah could determine bond issuance, culpability for defaults, or the constitutionality of underwriter bans.

"As September draws to a close, some dynamics may prevail in October but others could undergo a shift," said NewSquare Capital's Kim Olsan. "One aspect that will continue is the level of supply coming to market." 

Federal Reserve chair Jerome Powell flagged a recent upward revision to income and savings data as a sign of economic strength. He said the information could factor into the central bank's monetary policy discourse during the Fed's next interest rate meeting in November.

The President is considering calling a special session to deal with hurricane damage.

September volume came in over $44 billion leading volume year-to-date to hit more than $380 billion, just shy of 2023's full-year total issuance.

Puerto Rico's electric reliability is likely to continue to deteriorate without access to the capital markets, the investors said.

Bonds will finance construction of the South Coast Rail Project, which will restore commuter rail service between Boston and southeastern Massachusetts.