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The recent rally is good news for munis, which have "posted a total-negative return loss for three straight months," said Jason Wong, vice president of municipals at AmeriVet Securities.

While it's been a tough year across fixed-income generally, a Wall Street muni retrenchment marks an opportunity for regional and middle-market firms to gain more of a foothold, market participants said.

Attorney General Ken Paxton put several big banks under a review last month, raising concerns more municipal bond underwriters could be driven out of the state.

Teacher shortages and enrollment declines due to growing charter and private schools are two of the problems affecting school financing.

The White House is expected to announce major grants for non-Northeast corridor projects, including potentially high speed trains, before year's end.

Lawmakers are looking for ways to slow the rising cost of property insurance, provide additional relief to victims of Hurricane Idalia, bolster efforts against anti-Semitism and support Israel while targeting Iran.

Friday's employment report was good news for the Federal Reserve, with fewer jobs created and a smaller rise in earnings, leading analysts to cautiously increase expectations that the hiking cycle is over.

Two major state-backed offshore wind farm projects in New Jersey were canceled by Ørsted, which cited growing impairments and sustained marketplace pressures.

Research indicates office space conversions could be financed with bonds.

Washington will auction $483 million in two tranches on Tuesday.