Markets

He was remembered for an evenhanded persona amid a tumultuous term from 1990 to 1993.

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

Municipals held firm ahead of this week's new issue slate, which features deals from issuers in New York and Texas. Treasuries weakened as stocks rose on positive coronavirus news.

Selling in a week with an expected light calendar should help the deal as will market fundamentals.

Jennifer Johnston will replace Tom Walsh, who is retiring on Dec. 1.

Municipals continue to rally as market participants get ready to head into a quiet holiday week.

Large blocks of New Jersey paper changed hands with yields that pushed spreads below 100 basis points on some maturities for the recently downgraded state.

Jobless claims rose and existing home sales surged, underscoring the uneven and sporadic nature of the COVID-19 pandemic recovery.

Sarah Mitchell, CFA and a portfolio manager at Mondrian Investment Partners, talks with Chip Barnett about one of the hottest sectors in the municipal bond market today – green bonds – and the possibility of the U.S. government issuing a sovereign green bond. (20 minutes)

The Finance Committee signed off on new money, refunding, and scoop-and-toss debt restructuring deals and finance teams to assemble and sell the bonds.