Markets

The firm, recapitalized in April, is building out its municipal market presence.

2018 hasn’t been the best or most active year but things are looking up after midterm elections, with what is expected to be a more pro-muni House. Volume this year is looking like it might be the lowest since 2011, but perhaps the new year will bring an infrastructure plan, where munis are expected to be a big component.

The Chicago Fed National Activity Index for October rose to 0.24 from a downwardly revised 0.14 in September.

After a week that offered under $1 billion of deals, the market will look ahead to almost $6 billion of supply.

Chicago Public Schools is selling more than $1 billion of GOs, capital improvement tax bonds, and notes.

Tom Wolf's full plate includes a projected $1.7 billion deficit, with the state having already used one-time revenue measures such as tobacco and gambling.

Fires haven't sparked a secondary-market sell-off, as investors "are either unconcerned or don't fully understand" the extent of the damage.

Even as stocks turned higher on Wednesday, municipal bonds remained stronger before the Thanksgiving holiday.

Moody's Investors Service now assigns a positive outlook to its A1 rating for the private Pennsylvania university.

The University of Michigan's final November consumer sentiment index reading was 97.5, compared to the preliminary November 98.3.