Refunding bonds

Note issuance declined in 2018 as a result of tax reform, rate fears, and ongoing fiscal austerity sparked by state and local revenue growth.

Richard Neal, D-Mass., raised optimism among state treasurers that advance refunding of municipal bonds may be part of "a combination of funding sources."

A top House Democrat warned the Trump administration not to engage in debt limit brinksmanship that could halt trading in state and local government securities.

A continuing disclosure agreement debuted in documents for the state's advance refunding of Build America Bonds.

The $551 million issue wraps up a nearly $3 billion program; $7.7 billion of proposed pension obligation bonds rely on similar structure

The survey of securities firms showed pressures caused by unfunded pension obligations is expected to be the biggest issue for the muni market next year.

Detroit issued bonds Friday to fund the successful tender offer.

In the absence of advance refunding, Arizona plans to lock in rates by pricing $250.7 million of lottery refunding bonds that will not be delivered until next October.

Voters in the Southern California rejected a water and wastewater rate increase, and a subsequent rate hike triggered an unsuccessful recall election.

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee.