Markets

The city will see Monday if its retooled sales tax securitization issue is a go with the market.

Muni volume in the last week of January is forecast to match that of the first three weeks combined, satisfying pent-up investor demand.

Sens. John Cornyn, R-Texas, and Mark Warner, D-Va., introduced their bill to expand PABs the same day that the U.S. Chamber of Commerce recommended such an expansion in its four-part infrastructure plan.

Milwaukee is selling $70 million of notes to speed up pension payments.

Municipal bond prices remain under pressure at midday as U.S. Treasury yields hit three-year highs and the market looks to next week's $7.17 billion slate.

A state official cited the need to have special tax obligation bonds rated "on the bonds' own merits," distinct from the state's GOs.

The University of Michigan's preliminary January consumer sentiment index reading was 94.4 compared to the final December 95.9 reading, sources said.

Munis came under pressure as Treasuries weakened on concern over a possible government shutdown and traders looked ahead to a return to normal in deal volume next week.

The index's yield to maturity ticked up two basis points to 3.86%, while the 11-bond, 20-bond, and revenue bond indexes dipped a pair.

Loop Capital also priced refunding bonds for Cook County, Ill., in the negotiated market.