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The municipal bond market will face a second busy day as more supply is set to hit the screens on Tuesday.

The U.S. international trade gap widened to $48.7 billion in October, a larger gap than the $47.5 billion deficit expected and following a revised wider $44.9 billion gap in September.

The goal is to provide bond investors with easy access to the port's financial data.

The governors of California, New York and New Jersey said they would challenge the Republican tax bills in court if they pass.

The combined Illinois-based Advocate Health Care nor Wisconsin-based Aurora Health Care would be the 10th-largest healthcare nonprofit.

Chicago's new borrowing entity brings $575 million of sales tax securitization bonds to market this week.

New York City offered $850 million of general obligation bonds to retail buyers while the Metropolitan St. Louis Sewer District, Mo., presented a $317 million refunding deal to retail investors and the Pennsylvania Turnpike’s $260 million of bonds priced.

Muni issuers want six months to a year on transition relief for advance refundings, which the tax bills would terminate after Dec. 31.

The fiscal control board is ordering nearly $18 million in cuts to all departments citing revenue uncertainty in the $2.99 billion budget.

A portion of the Oklahoma Turnpike Authority's $410 million deal may well be its last advance refunding.

Municipal market participants are preparing and bracing for a market without advance refundings and perhaps private activity bonds as major tax changes draw closer. Municipal issuers are coming together and giving the market one last gasp of these types of bonds before they are no longer allowed to do so and in the process, have created what could potentially be a historic $17.4 billion of issuance.

New York City offered $850 million of general obligation bonds and the Metropolitan St. Louis Sewer District, Mo., offered a $317 million refunding deal to retail investors on Monday as the Pennsylvania Turnpike came to market with its bonds.

Investors plan to make the most of the volume blitz and higher yields in the last month of the year, as issuers rush to market ahead of a sweeping tax law overhaul.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills rose on Monday, as the three-months incurred a 1.290% high rate, up from 1. 285% the previous week, and the six-months incurred a 1.450% high rate, up from 1. 435% in the prior week.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills on Tuesday.

The eight hopefuls still want to hold the state-run MTA more accountable.

Directors at the Federal Reserve Bank of Richmond have chosen Thomas Barkin, a senior executive at the global consulting firm McKinsey & Co., as the institution's next president, said a person familiar with the decision.

Factory orders fell 0.1% in October, a smaller decline than the expected 0.3% drop.

The New York economy is expanding with “across the board increases,” and employment at its best level in more than two years, the Institute for Supply Management-New York’s Report on Business index, released Monday, indicated.

As municipal market participants are awaiting the next step in the tax bill process, they are also preparing for one of the busiest and biggest weeks the market has ever seen.