Markets

Adverse market conditions delayed the $1.3 billion deal from Chicago’s Sales Tax Securitization Corp.

Three areas are new additions to the work plan of the Tax Exempt and Government Entities Business Operating Division, IRS officials said.

The $33.4 billion of issuance — the second-biggest monthly total of the year — did little to raise hopes for a fourth-quarter resurgence.

The Chicago Business Barometer declined to 58.4 in October from 60.4 in September.

The deal’s underwriter cited "market conditions," confirming Chicago’s deal was placed on day-to-day status.

Compensation costs for civilian workers increased 0.8%, seasonally adjusted, for the three-month period ending in September.

Private-sector employment was estimated to have risen 227,000 in October, ADP reported.

The busiest day of the week, and a good test for the market, lies ahead.

The memo appears to respond to a March 29 written request by the National Association of Bond Lawyers to Christie Jacobs, director of the IRS Indian Tribal Governments/Tax Exempt Bonds Office to clarify the new law.

Moody's Investors Service upgraded LAX ahead of the deal, bringing the subordinate bonds to the AA-minus level across the board.