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The Title III Puerto Rico bankruptcy judge will hear arguments Monday on the Puerto Rico Oversight Board’s motion to replace the Puerto Rico Electric Power Authority’s leader.

The municipal market will get another healthy dose of issuance in the final full week before Thanksgiving. The calendar is chock full of deals from Illinois, as all issuers look to price bonds before the tax laws change.

The 20% corporate tax rate also would have an adverse impact on the muni market.

The par value of bonds guaranteed by BAM rose 3.4% from the third quarter last year, even as overall market new-issue volume fell 16%.

The GO bonds for climate change and housing will boost the economy, Moody’s says.

The loss of Southwest means enplanement costs go up, reducing its competitive advantage over nearby Detroit.

Chicago's Board of Education is pricing more than $900 million, citing positive rating actions and a better balance sheet.

While some buy side analysts see a supply “nightmare” following the tax reform proposal, others are looking for opportunities to "stock up" on munis.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was lower to 3.92% from 4.00% last week.

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.