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Federal Reserve Board Chair Janet Yellen will resign as a member of the Fed’s Board of Governors when Jerome Powell is sworn in as chair, the Fed announced Monday.

Senate President Dominick J. Ruggerio expects rewritten stadium-financing legislation to direct more revenue from a new PawSox ballpark to the City of Pawtucket to protect its ability to pay off the debt the city would incur to help build at the Apex department store site.

If the debate leading up to a Wessington Springs School District bond election is any indication, residents can expect a close race when polls close Nov. 28.

Falling Treasury yields despite Federal Reserve short-term rate hikes have caused "conundrum" like that seen in 2004-2005, according to a Federal Reserve Bank of San Francisco, but unlike the earlier occasion, economists may understand it better this time.

The New York Metropolitan Transportation Authority’s $2.2 billion deal was offered to retail buyers. In secondary trading, municipals were trading mixed at mid-session.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.

Tender rates for the Treasury Department's latest 90-day and 181-day discount bills were higher on Monday, as the three-months incurred a 1.285% high rate, up from 1.240% the prior week, and the six-months incurred a 1.415% high rate, up from 1.360% the week before.

With the future of advance refundings and private activity bonds up in the air, the New York Metropolitan Transportation Authority has decided to take action and advance refund debt while they still can. Given the uncertainty, the MTA’s move could be repeated by many other issuers in position to do so, elevating issuance for the rest of the year.

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

The New York Metropolitan Transportation Authority heads to market on Monday with the week’s biggest deal — a $2 billion green bond offering.