Video

As Illinois’ Cook County looks set to repeal its unpopular penny-an-ounce sweetened beverage tax, cities and states around the country that have pondered such a revenue-raiser are looking at what this could mean.

The state still lacks a budget as Democratic Gov. Dannel Malloy vetoed a Republican-crafted $40.7 billion biennial spending plan. Meanwhile, capital Hartford spirals toward a possible bankruptcy. Mayor Luke Bronin says increased state aid, bondholder flexibility and labor concessions are all needed to keep the city out of Chapter 9.

For the first time, municipal market participants can access dynamic, interactive data from directly within Bond Buyer.

The primary muni market is set to break the pattern of low and slow volume and give market participants a variety of options to put their money to work. The timing of the almost $10 billion in weekly volume will help close the third quarter on a high note.

The Federal Open Market Committee meeting should produce a start date for balance sheet reduction and a new dot plot, but no rate hike.

After a short week with slow and low volume, the primary municipal bond market with get a normal dose of issuance this week when there is cash to be put to work. Market participants' eyes will be on New York City, which is set to bring more than $1 billion.

Although the holiday shortened week curbs muni volume to less than $4 billion it should not impact demand. Municipal market participants will have their eyes on the sizeable deals of the week.

The State of California is expected to wet the whistle of investors when it brings a scheduled $2.5 billion deal to a supply-strapped market.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The state of Maryland is expected to bring $1.34 billion over two competitive sales, bringing the possibility of resetting the municipal yield curve.