Markets

Munis finished above $400 billion for the fourth time since 2010 and the third time in the past four years.

Manufacturing activity contracted again in December, according to the Federal Reserve Bank of Richmond’s survey.

The U.S. Department of Transportation reasonably determined the Florida’s passenger train owners were qualified to receive private activity bond financing.

Another round of tax legislation is not expected to emerge until the very end of the year after the presidential election or in 2021 after a new Congress is sworn in.

Although there will be no more new issuance in 2019, municipal bond investors can get plenty of returns as seasonal trends should provide opportunities from now through January.

U.S. Virgin Islands Gov. Albert Bryan forged an agreement with lawmakers to work collaboratively in identifying funding for outstanding debt tied to the island’s Water and Power Authority.

New home sales rose to 719,000 in November, from a downwardly revised 710,000 pace in October, first reported as a 733,000 pace, the Commerce Department said Monday.

The deal for the Houston-area beltway builder is expected to come in three large tranches early next year.

With issuance for 2019 done, investors and money managers look forward to a new year — there is optimism that drivers of muni performance will carry over.

The Municipal Securities Rulemaking Board will require more data starting Nov. 30, 2020.