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The October employment report was stronger than predicted, with a 638,000 rise in nonfarm payrolls and a full percentage point decline in the unemployment rate, suggesting the economy continues to improve despite the rise in the number of COVID-19 cases.

Daily report for November 06, 2020.

To little surprise, the Federal Reserve left interest rates unchanged. Refinitiv Lipper reported tax-exempt muni bond funds lost about $954 million.

TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.

Moody's deemed both the likely passage of San Francisco Unified School District's parcel tax and Los Angeles USD's $7 billion bond measure credit positives.

A change in status would have both upsides and downsides for the island territory.

Gov. J.B. Pritzker says preservation of the investment-grade status is "very important;" Illinois bonds traded wider after the income tax referendum failed.

Federal Reserve Bank of Minneapolis President Neel Kashkari isn’t attending the central bank’s two-day policy meeting after the birth of his second child this week.

As wildfires become more frequent and intense the reliability of state governments and FEMA to support affected local governments may change.

Lynne Funk and Gary Siegel discuss how the election results will affect the municipal market, how the Fed moves forward and some winners and losers with bond ballot measure results and muni advocates who held onto their seats in Congress. (21 minutes).

Biden’s Electoral College count rose to 264, one state away from achieving the 270, according to the Associated Press, which called the former vice president the winner Wednesday in closely fought races in Wisconsin and Michigan.

Daily report for November 05, 2020.

Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.

A victory by Republican Sen. Susan Collins in Maine has dimmed, but did not extinguish, the possibility for Democratic control of the U.S. Senate.

The legalization is projected to generate about $120 million for the fiscally stressed state once the market gets established, which won’t be for another two to three years.

After two failed efforts to bring light rail to one of Texas’ most congested cities, voters approved the Project Connect measure.

In unofficial election results, four Virginia cities appear to have won approval to open the state's first casinos; a dozen bond referendums won tentative approval.

The state's voters weighed in on a shrunken slate of school bond measures, a split-roll property tax, and a bond measure to fund stem cell research.

Both the ADP employment report and the ISM services PMI came in below estimates, suggesting weakness in the recovery.

The defeat of Gov. J.B. Pritzker's "Fair Tax" strikes down a pillar of his plan for the state's wobbly finances and increases risk to the state's bond ratings.