Markets

Advance refunding, direct-pay bonds, and increased limits on bank-qualified bonds would be among the muni-friendly tax provisions that have a good chance of becoming law if Democrats control both chambers of Congress.

Recovery will be more difficult because rates were low before the pandemic, Federal Reserve Bank of Boston President Eric Rosengren said.

Disney in late September said it would lay off 28,000 employees at California's Disneyland and Florida's Walt Disney World resorts.

Municipal bond issuers are coming market at a 26.2% faster pace than they were at this point last year.

Financial advisors in the municipal bond market accounted for $281.23 billion so far in 2020, more than the $225.54 billion in the first nine months of 2019. The top three spots remained the same, followed by some changes in the rankings from last year.

Municipal bond underwriters are on pace to easily surpass last year's total, despite the COVID-19 pandemic. Top bookrunners have accounted for a total of $328.60 billion through the first three quarters of the year, up from the $267.91 billion in the first nine months of 2019. The top five saw small changes compared to a year ago, while spots six through 10 saw more of a mix.

Eaton Vance operates dozens of municipal bond mutual funds under the Eaton Vance, Parametric and Calvert brands.

Another week of inflows as reported by ICI and the municipal market continues to push on. There is money to put to work, sources say, depending on who is willing.

UMB will ask the state Supreme Court to consider its argument that Platte County is legally obligated to repay defaulted bonds issued for a shopping center.

Long Island county prepping $290 million offering while confronting a giant revenue shortfall.