State of California

The House of Representatives' vote to impeach a president for only the third time ever had 'zero' impact on the municipal market, while stocks soared.

The Dormitory Authority of the State of New York priced its $3.39 billion of bonds, most likely the last billion-plus sale of 2019.

The primary municipal market saw fresh paper greeted by bond-craving investors who are looking to put money to work before a new decade dawns.

As there are just eight full work days remaining in the year, muni market leaders believe that 2020 will look a lot like 2019 — high volume, increasing taxable issuance and strong demand.

Citi sees volume growing in 2020 to $440 billion with $95 billion of taxables on tap for next year.

Muni yields rose as more bonds hit the marketplace in the last big supply rush of the week.

The Federal Open Market Committee left rates unchanged and looked likely to keep monetary policy on a steady course for the near term.

"What, me worry?" was the slogan of the muni market on Tuesday as participants forged ahead to price and buy bonds.

Trade worries returned among investors as the Fed meets this week to decide on interest rates.

If anyone had doubts about the market's ability to digest the largest weekly issuance influx in nearly two years, those can be put to bed now that all the deals have come and gone.