Markets

The nonprofit electricity wholesaler is refunding bonds issued in 2009 and 2015 that are tied to the Prairie State Energy Campus.

After seeing a whopping $52 billion of new issuance in October, the new paper will continue to flood the market during the busiest week of the year.

New York State's fifth-largest city will sell $152 million of general obligation bonds.

Nonfarm payrolls beat expectations, supporting the belief that while slowing, the employment market remains strong.

A new academic building for the University of Michigan is to rise on the property where construction of a bond-funded jail was abandoned.

With another fed funds rate cut in the books, munis saw a big drop in yields to close out the week and the month.

The volume boom accelerated in October, with taxables accounting for about a quarter of the supply.

Competitive pricing and speed convinced the owners of the Carlsbad, California, plant to use a taxable bank loan instead of tax-exempt debt.

Analysts are skeptical of Fed Chair Jerome Powell's signal that policy makers will keep rates at a range of 1.50% to 1.75%.

As is the case with the muni market, corporates remain strong. Owning higher-quality has been a theme. Our guest Matt Brill, head of U.S. investment grade credit at Invesco, warns that: "winter is coming" and to prepare while times are good. John Hallacy hosts.