The federal government ran an $8.7 billion surplus in January, the Treasury Department reported Tuesday.
In January 2018, the government ran a $49.2 billion surplus.
Outlays in January totaled $331.297 billion. Receipts totaled $339.980 billion.
Year-to-date, the government had a $310.250 billion deficit, compared to a $175.716 billion deficit for fiscal 2018.
Even with Monday's U.S.-China tariff truce and Tuesday's inflation print, the market has felt better over the past several weeks, said Jamie Iselin, managing director and head of municipal fixed income at Neuberger Berman.
The Montana Facility Finance Authority can directly issue debt for a broader array of organizations following a legislative change.
Flight delays and safety concerns at Newark Airport has pushed FAA funding levels back into the headlines as the idea of issuing user fee supported bonds to provide a non-political revenue stream comes back to life.
The tax bill is far from a done deal, market participants said.
The $839.5 million Harris County Hospital District bond sale will tap $2.5 billion of voter-approved debt authorization for a $3.2 billion expansion project.
Student loan issuers are watching federal policy, from the Department of Education to the tax-exemption, to decide on the timing and size of their annual deals.
