Markets

As municipal market participants are awaiting the next step in the tax bill process, they are also preparing for one of the busiest and biggest weeks the market has ever seen.

As lawmakers worked over the details of tax tax legislation, municipal market participants prepared to embark on what may be a record-setting week for issuance.

The state increased the size of the deals by 70%, with its bond finance director citing plans by "the clowns in D.C." to outlaw advance refundings.

The California Infrastructure and Economic Development Bank approved $321 million in nonprofit conduit sales this week.

The Central Florida Expressway Authority says its deal pricing Tuesday could be up to $347 million.

After a busy week, the muni market is preparing for one of the biggest weeks in history, with an estimated $17.4 billion deals.

After a busy week, and some clarity on tax reform, market participants are gearing up for the biggest volume week in some time, as issuers are getting advance refundings in while they still can.

Construction spending was up 1.4% in October, well above expectations, fueled by a 3.9% jump in public construction.

The overall economy grew for the 102nd straight time, the Institute for Supply Management reported Wednesday. Suppliers reported strength in sales.

Muni issuers rushing to get advance refundings done in December before Congress passes a tax bill that terminates them may face a halt in sales of state and local government securities because of the debt limit.