Southwest

Hilltop Securities chairman Hill Feinberg will hand over his title as president and chief executive to Piper Jaffray banker Bradley Winges.

Market data shows the trading gap between A-rated and BBB-rated corporate bonds has widened in volume.

The El Paso County Commissioners Court has approved tax rebates to help pay for the renovation of the Plaza Hotel building.

Municipals were mixed at midday as Treasury bonds weakened while the last of the week’s supply trickled into the primary market.

Municipals look somewhat less attractive following last week’s rally, but should maintain a firm tone through year-end, an analyst said.

Municipal bonds were trading mixed in mid-session activity as more supply came to market.

The market absorbed a surge in bond issuance, led by the Dormitory Authority of the State of New York and the Illinois Toll Highway Authority.

With only a few weeks left in the year, the muni market is poised for a burst of activity, while also looking ahead to what 2019 might bring.

Volatility in risk assets has led investors to the safety of bonds, according to Societe Generale.

Four states will become the latest to require out-of-state e-commerce retailers to collect sales tax on Jan. 1 while 10 others aren’t expected to do so until later in 2019.