Markets

A study says tolls on existing Interstates could make up for the loss of fuel tax revenue caused by more efficient vehicles.

The first of the week's new issuance starting to roll in on Tuesday, as top-rated municipal bonds were stronger.

The city still plans to refund its outstanding water debt under its own revenue bond credit.

Municipals continued to strengthen as the first of the week's issuance starting to roll in on Tuesday, including the second biggest deal of the week.

Municipal yields were down by as many as seven basis points amid concern that tax reform may crimp supply.

Advance refundings were 27% of market last year, PABs were 19% and most were 501(c)(3)s.

The Metropolitan Pier and Exposition Authority will price $475 million, burdened by its link to the state's bond rating.

Retail and institutional municipal bond investors hope volume of nearly $9 billion is a sign of consistent elevated weekly volume for the remainder of the year.

With nearly $9 billion in volume, thanks to a large refunding deal, market participants expect issuance will remain strong as issuers try to beat tax reform.

The Conference Board's Employment Trends Index (ETI) rose to 135.57 in October from an upwardly revised 132.86 in September.