News and Information from Bond Buyer

City Council approved another 30-day contract, risking the long-term deal.

Texas service sector activity “increased again in October.”

Municipals were flat on Tuesday morning, as market participants wait for the first new paper of the week.

The consumer confidence index increased to 125.9 in October from a revised 120.6 last month, The Conference Board reported Tuesday.

The Chicago Business Barometer rose to 66.2 in October from 65.2 in September.

Home prices rose 0.5% on an annual basis in August, not seasonally adjusted.

The seasonally adjusted Milwaukee Report on Business increased to 63.61 in October from 60.24 in September.

The Midwest Economy Index declined to negative 0.09 in September from positive 0.08 in August.

The Puerto Rico Oversight Board will discuss revising the commonwealth government’s and its semi-autonomous entities’ fiscal plans Tuesday morning.

Municipals were firmer on Monday, as market participants awaited the week's first issues from Montgomery County, Md., and Phoenix.

The end of the probe was disclosed in offering documents for a $67 million refunding deal.

The Treasury Department expects to borrow $275 billion in the fourth quarter, it announced Monday.

Wall Street profits were up 33% from the year-earlier period, according to New York's state comptroller.

The MSRB backed off an effort to write a new rule on minimum denominations and will modify proposals on CUSIP numbers and muni fund securities.

The $145 million initiative is intended to fortify the Rockaway Peninsula.

The Treasury Department Monday sold $50 billion 37-day cash management bills at a 1.030% high tender rate.

The statewide total exceeds the previous record of $9.1 billion in November 2015.

Municipal bonds were little changed in midday activity as the market gets ready to see nearly $7 billion of new paper.

The Federal Open Market Committee meets in Washington this week amid uncertainty over who will lead the Central Bank. What do higher interest rates and a possible new Fed head this mean for the municipal bond market going forward?

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher on Monday, as the three-months incurred a 1.130% high rate, up from 1.105% the prior week, and the six-months incurred a 1.260% high rate, up from 1.245% the week before.