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Congress is expected to renew expired tax breaks for Puerto Rico and qualified zone academy bonds as well as enact corrections for the new tax reform law.

In the week ended Dec. 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 3.91% from 3.93% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

With the primary market at a standstill Thursday, attention turned to the first major deal of the New Year, a planned sale by the New Jersey Economic Development Authority that’s being challenged in court.

Bond investors’ concerns about the territory's ability to make payments have grown since Hurricane Maria.

The Greater Cleveland Regional Transit Authority faces a $20 million budget gap because of changes in state tax distribution.

An expiring cap on New Jersey police and firefighter raises pressure on local government finances, according to Fitch Ratings.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.370% high yield, a price of 99.230576.

The Connecticut governor cited recent changes to the state employee pension system as a parallel.

At least two economists have been interviewed for the position of Federal Reserve vice chair, last held by Stanley Fischer, who resigned earlier this year, according to reports.

The Treasury Department said it will auction $20 billion year bills on Jan. 2.

While there are no major bond issues on the slate for Thursday, one deal that is garnering some attention is next week's $381 million offering from the New Jersey Economic Development Authority

Increased demand on power grids driven by electric vehicles is viewed as a bright spot for utilities.

The Chicago Business Barometer rose to 67.6 in December, its highest since March 2011.

Initial jobless claims remained at 245,000 in the week ended Dec. 23, the Labor Department said Thursday.

IRS muni regulatory priorities for 2018 include rules on bond reissuance and final rules on notice and approval of private activity bond-financed projects under TEFRA.

Municipal bond market experts want clarification from the IRS on a few regulations and expect the agency to move ahead with its new data driven audit process.

Muni yields dropped five basis points for the second day in a row, as volume and participants were scarce.

After granting an expansion franchise to Nashville, Major League Soccer has Cincinnati, Detroit and Sacramento on the hook.

The pioneer in electronic muni data celebrated its 25th year with a new product that addresses the market's need for best execution.

The Treasury Department auctioned $34 billion of five-year notes, with a 2 1/8% coupon, a 2.245% high yield, a price of 99.435896.