Markets

Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points, according to Refinitiv MMD.

Federal Reserve Board Chair Jerome Powell announced the group's new policy framework, but didn't explain why it would work.

Firefighters are waging battle against an estimated 7,000 fires of varying sizes throughout the state; nearly 1.5 million acres have burned.

The New York City suburb achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline.

The Chicago Board of Education warns of tough spending decisions ahead if the federal government doesn't act on a new stimulus/relief package.

More supply sold Thursday as the Chicago Transit Authority, the Austin ISD, Texas and Kern HSD, Calif., all came to market.

Municipal issuers in the Far West sold $38.7 billion in bonds during the first six months of 2020, 8.8% more than they did the year before.

The economy continues on a fragmented recovery from the pandemic, with the housing market being a positive sign and labor having issues.

Ashton Goodfield, head of municipal bonds at DWS Group, talks with Chip Barnett about how the municipal bond market has been coping with the effects of the COVID-19 pandemic and what's in store for the rest of the year. (22 minutes)

Munis continued to weaken with yields on the AAA scales rising by as much as three basis points.