The Latest

The 2023 "January effect" seems to be "displaying typical behavior given relatively thin issuance this month and demand patterns that have been buoyed by four of six reinvestment needs," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

Municipal bond issuers are worried about what the recently passed Financial Data Transparency Act is going to cost them to implement.

The city received $217 million of retail orders — a rarity in Illinois where local bonds don't benefit from state tax exemption — and interest from 11 ESG funds.

Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional accounting maneuver to avert breaching the federal debt limit.

The latest definition of federal waters includes roadside ditches, which some industry groups say will make transportation projects more costly and time-consuming.

Revenue were better than projected despite the Treasury Department postponing deadlines for certain taxes.

The Federal Reserve's quantitative-tightening program risks being propelled toward an early end as U.S. politicians bicker in Washington over raising the national debt limit, according to some economists and bond market participants.

Newly-elected Gov. Josh Green outlined the proposals during his State of the State speech on Monday.

Compared to December's projections, revenues are up $265.3 million and expenses are down $59.4 million.

For the first time in several weeks, munis last week outperformed "by a wide margin and across the entirety of the yield curve," said Eric Kazatsky, head of municipal strategy at Bloomberg Intelligence.