Markets

The fast pace of the Democratic negotiations may act in muni market's favor.

Fitch Ratings changed the outlook on the city's bonds to stable from negative ahead of the deal.

Volume falls slightly in the week of October 25 with total potential volume estimated at $7.408 billion: $6.036 billion of negotiated deals and $1.372 billion in the competitive market.

Borrowers are enjoying the strongest market in decades while investors are forced to take what they can get.

Municipal bond mutual fund inflows fell to $177 million while high-yield is back to outflows, both signaling selling may be moving the market toward another larger correction.

Profits were up in New York City's securities industry, according to the state comptroller's annual report, even as job losses accelerated.

S&P Global Ratings affirmed the city's BBB-minus rating after debt restructurings triggered a CreditWatch placement.

The Investment Company Institute reported $385 million of inflows while ETFs fell to $124 million.

Wisconsin reported healthier-than-expected fiscal 2021 results that should benefit a new money deal planned for next month.

A California Public Finance conference panel asked what the municipal bond industry can do better for women and minorities.