Markets

Municipal bond mutual funds saw more losses on Wednesday with the Investment Company Institute reporting another week of multi-billion-dollar outflows, bringing year-to-date losses to $123.3 billion.

Chicago's upcoming general obligation sale will carry a Moody's rating for the first time since at least 2014.

The market has seen outflows for 13 straight weeks, per Refinitiv Lipper, but Nuveen strategists Anders S. Persson and John V. Miller said "selling is due primarily to investors harvesting tax losses."

Revenues were up while economic activity slipped, with some observers suggesting Hurricane Fiona may have had a negative impact on the economy.

Seven years after dropping Chicago to speculative grade citing pension funding, Moody's returned the city to investment grade, citing pension funding.

Voters will decide on more than $60 billion of bond ballot measures Tuesday with New York voters faced with the largest amount at $4.2 billion.

JobsOhio liquor profit, state revolving fund and GARVEE bonds scheduled to hit the market over the next two weeks.

ICE TMC, part of ICE Bonds, provides market participants access to an all-to-all market for trading munis and other bonds.

Investors will be greeted Monday with a new-issue calendar estimated at $5.268 billion.

The $200 million bond deal prices next week. The Jesuit school absorbed the nearby University of the Sciences earlier this year.