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California paper, ranging from state general obligation bonds to local school districts, dominated the secondary trading. Trading believed the popularity to be driven from a light primary, where institutional investors were limited and retail was the predominate player.

Pennsylvania opting in to Medicaid expansion is a credit positive for hospitals in the state, according to Wells Fargo Securities.

The National Association of State Treasurers' priorities include maintaining the tax- exempt status of municipal bonds, preventing local government investment pools from being hurt by money market mutual fund reforms, and helping to develop criteria under which munis could be considered high-quality liquid assets, said its incoming president, David Lillard, Tennessee' treasurer.

Siebert Brandford Shank & Co. has executed a letter of intent to acquire Siebert Capital Markets, a division of Siebert Financial Corp.

Robert Thompson of New York City Transit and Joan Nyron of the Pratt Center for Community Development will discuss bus rapid transit at the New York Transit Museum on Sept. 10.

Georgia realized net tax collections of $1.39 billion in August for an increase of $47 million or 3.5% compared to August 2013, according to Gov. Nathan Deal.

An affordable-housing project for elderly renters near Dayton, Ohio marks the first use of Freddie Mac's new direct purchase tax-exempt note program that allows borrowers to privately place their debt with Freddie.

Consumer credit increased by $26 billion, or 9.7%, in July to $3.238 trillion, the Federal Reserve reported Monday.

Mayor Bill de Blasio's administration must secure enough funding for public housing repairs, said New York City Comptroller Scot Stringer.

Oppenheimer squared off against the Rhode Island Tobacco Settlement Financing Corp. at a state court hearing Monday as the fund company sought to block a $593 million tobacco bond refunding sale originally slated for early August.

A recent announcement that Virginia Mason Medical Center in Seattle will end one of its contracts in 2016 poses certain credit risks, but has no immediate impact on its ratings, according to Standard & Poor's.

The Municipal Securities Rulemaking Board is seeking public comment on its priorities as it plans for the next two years and beyond, the MSRB announced Monday.

The public expects monetary policy to be more accommodative than Federal Open Market Committee members do, and the public doesn't fully weight the import of data, according to Federal Reserve Bank of San Francisco researchers.

Moody's Investors Service said it has downgraded to Baa1 from A2 the underlying rating on Newton Falls Exempted Village School District, Ohio's general obligation unlimited tax debt.

Puerto Rico Electric Power Authority bonds traded tighter on Monday, showing the market's confidence in the authority's new chief restructuring officer, investors said.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.020% high rate, down from 0.025% the prior week, and the six-months incurred a 0.045% high rate, off from 0.050% the week before.

An Alabama federal rejected ex-JPMorgan bankers' motions to dismiss the pay-to-play case against them involving Jefferson County, Ala.'s sewer deals and swaps.