Markets

"We were pleased to achieve such strong results, especially in light of the recent volatile market conditions," said Philadelphia Treasurer Jacqueline Dunn.

The Bloomberg Municipal Index and High-Yield Index lost 3.3% and 3.9%, respectively, in September.

September's total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month's total is lower than the $30.652 billion 10-year average, according to Refinitiv data.

The Amtrak-Texas Central proposal to build high-speed rail between Dallas and Houston would take land "from American citizens and put it under the control of a Japanese company," a pair of Texas Republican representatives told the FRA.

Dustin Avey and Jeremy Garber were named co-heads of public finance; Fairman, a 40-year veteran of the firm, will remain in an advisory capacity into 2024.

The last time muni mutual funds saw outflows top $1 billion was the week ending May 31 when they were $1.345 billion.

CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

Bonds tied to Destiny USA in Syracuse were cut deeper into junk by Moody's Investors Service on doubts about its ability to extend an outstanding loan.

California priced $625 million in State Public Works Board lease revenue bonds this week.

"The market has taken to heart the [Federal Open Market Committee] actions from last week," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.