The Federal Reserve Board said it will publish the July 2017 Monetary Policy Report to the Congress at 11 a.m., EDT, on July 7, in order to allow members of Congress and the public time to review the report in advance of Chair Janet Yellen's scheduled testimony on July 12.
Yellen's opening statement will be released at 8:30 a.m. EDT on July 12.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.