Markets

Sources see ways to get more investment in infrastructure with municipal bond provisions, but bipartisanship will be essential.

The negative outlooks tie to the possibility of more constrained financial resilience in the future, according to Fitch Ratings analysts.

The muni market headed into holiday hibernation on the last full trading day of the week.

With the November jobs report showing a decline in employment, and the coronavirus raging, economists debate the state of the commonwealth's economy heading into the new year.

Jobless claims decreased in the latest week, while new home sales fell 11%.

Taxable munis have posted the highest returns among all fixed-income indexes this year, BofA said.

The resurgence of the coronavirus led to a larger than expected drop in consumer confidence.

Gov. Gina Raimondo signed the $12.8 billion FY21 budget bill, which includes seven ballot questions on $400 million worth of projects.

The county board signed off on about $600 million of borrowing and the financing teams that will bring the deals to market in January.

Munis were flat Monday as the entire curve was said to be undergoing a consolidation.