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The bond markets will not have a huge reaction to the nomination of Governor Jerome Powell as chair as of Federal Reserve Board, seeing it as a continuation of the monetary policies of Janet Yellen and Ben Bernanke before her.

Moody's cited the city's reliance on nonrecurring revenues.

Moody’s Investors Service moved the outlook to negative in advance of a $40 million revenue bond sale.

Municipals and Treasuries were stronger around midday, with the GOP releasing some details of its tax bill and ahead of President Trump’s expected nomination of Jerome Powell as Fed chair.

The university has overspent by $25 million annually for four years, its president says.

Retail investors are overcoming concern over interest rates and tax reform by extending duration, upgrading to high-quality, and buying defensive premium bonds.

The bill, which calls for the elimination of advance refundings, private activity bonds, tax credit bonds, and tax-exempt stadium bonds, would shrink the municipal market despite preserving the tax-exemption on muni bond interest.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

Municipal bond prices rose as the week's biggest issue is scheduled to price.

The New York economy is expanding despite a drop in revenues, the Institute for Supply Management-New York’s Report on Business index, released Thursday, indicated.

Third quarter nonfarm productivity was up 3.0%, slightly ahead of the 2.9% gain expected and the largest increase since the third quarter of 2014.

Initial claims U.S. state unemployment benefits fell by 5,000 to 229,000 in the October 28 week, well below the 235,000 level expected.

Royal Oak Township had been under the agreement since 2014.

The proposal would provide an array of tax breaks and incentives for disasters dating back to 2012.

A handful of issuers took advantage of low activity Wednesday as the market anticipated the decision to keep the benchmark fed funds rate unchanged.

Moody's Investors Service also cited a structural deficit.

The loan is the sixth approved for the district in 2017.

Rep. Richard Neal said Democrats will not have had time to review the House GOP tax reform bill.

A SIFMA official testified about muni regulatory concerns of dealers.

Cook County commissioners urged not to use one-shots to balance 2018 budget.