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RBC Capital Markets announced today the addition of Steve Fortenberry as a vice president in the firm’s K-12 practice of the Texas municipal finance group.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.130% high yield, a price of 99.967545.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

The last issuance of the week started to come in on Thursday, as munis were weaker still.

Sean McCarthy, CEO of Build America Mutual, talks about the state of the municipal bond insurance industry, what has changed since BAM was founded five years ago, and how much exposure it has to the areas affected by hurricanes Harvey and Irma.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued to expand at a solid pace and … firms remained optimistic about the future."

The last issuance of the week is expected to drift in on Thursday, on the heels of yields jumping after details of tax reform were released.

Fitch Ratings said it has withdrawn its ratings for the United States Virgin Islands and the USVI Public Finance Authority.

Initial claims U.S. state unemployment benefits rose by 12,000 to 272,000 in the September 23 week, above the 265,000 level expected.