State of New York

Montreal businessman Anthony McCord will arrive next month as New York Metropolitan Transportation Authority's chief transformation officer to address the authority's myriad operational and capital funding challenges.

Municipals spent Thursday following the rally in Treasuries, with new issues dominating the focus.

The municipal market was hit with a ton and a half of new issuance with bond hungry investors waiting with open arms and cash in hand.

The week’s new issuance got off to a slow start on Tuesday, but the Street is flush with cash and ready to pounce as the bigger deals price on Wednesday and Thursday.

Elected officials in New York signed laws, enacted orders and proposed policies designed to help veterans.

In observance of Veterans Day, the bond markets were closed on Monday.

A day after a big correction, the White House sent mixed signals on Friday setting up a possible flight-to-quality for munis next week.

A powerful equity market whacked Treasuries and munis followed suit and as much as a 7 bp correction ensued.

Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.

Municipals weakened along with Treasuries as stocks surged amid good earnings reports and economic data.