Northeast

Most recently, he was a principal investment officer and head of global equity at the Los Angeles County Employees Retirement Association, or LACERA.

The short end of the muni market saw trading of larger blocks at or below benchmarks but yield curves were little changed on a summer Friday.

Another replacement for exempt advance refundings, forward delivery bonds are attractive to issuers looking for savings and investors seeking incremental yield.

The Rhode Island Infrastructure Bank will offer $128 million of state revolving fund revenue bonds, and RIHousing will sell $172 million of homeownership opportunity bonds.

Another $2 billion-plus was reported flowing into municipal bond mutual funds in the latest week, continuing to be a supportive demand component for munis.

Kathy Hochul, a 62-year-old Buffalo native, will become the state’s first female governor. The former congresswoman has been lieutenant governor since 2015.

That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.

Municipals are tethered to Treasuries, more so in recent sessions, and have cheapened, but strong technicals — $18.5 billion of net negative supply and large reinvestment needs — still hang overhead.

New York's governor, embroiled in a sexual-harassment scandal, will step down in two weeks, in a move that could affect the state-run MTA, a major bond issuer.

Better-than-expected job gains, a rising UST complex and an increase in supply to test municipals' resolve.