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Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Monday.

The Treasury Department said Monday it will sell $50 billion of four-week discount bills Tuesday.

The PREPA bondholder group’s consultant estimated it will cost less than $1 billion to repair the power grid, compared with initial reports of about $5 billion.

With nearly $9 billion in volume, thanks to a large refunding deal, market participants expect issuance will remain strong as issuers try to beat tax reform.

The Conference Board's Employment Trends Index (ETI) rose to 135.57 in October from an upwardly revised 132.86 in September.

Nearly $23 billion worth of bonds are on ballots in Tuesday’s election, which could fuel 2018 issuance.

William C. Dudley, Federal Reserve Bank of New York president and chief executive officer, intends to retire in mid-2018 “to ensure that a successor is in place well before the end of his term,” the Fed said in a statement Monday.

Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, according to CNBC.

Already facing the potential loss of several key financing tools and a 20% corporate tax rate that would cheapen the relative value of tax-exempt munis, there could be even more pain in store for the municipal market when the Senate weighs in.

Fitch Ratings dropped the state one notch to AA.