Markets

Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.

Both the ADP employment report and the ISM services PMI came in below estimates, suggesting weakness in the recovery.

Their wins brighten the future of municipal bond-friendly initiatives in Congress.

The public finance industry would gain from the reinstatement of tax-exempt advance refunding and other muni-friendly measures under a Democratic sweep of the White House and both chambers of Congress.

Mark Nitcholas will will focus on local and state governments, state agencies and school districts within Texas and the Southwest.

The only major deal slated on the calendar, the Maine Turnpike Authority, came to market on Tuesday.

The economy will bounce back and stimulus will be provided no matter who is in charge, R.J. Gallo says.

Municipals were weaker in the 10-year range by as much as one basis point on Monday as all eyes fixate on election results.

No one expects any change to the fed funds rate target when the Federal Open Market Committee meets on Wednesday and Thursday, but that doesn’t mean there’s nothing to watch for.

California will give the private activity bond capacity granted to the high-speed rail project to affordable housing projects and other qualifying ventures.