Washington

The large drop in yields since the end of October can be reflected in sentiment that investors expect a potentially dovish Fed next year, and that a soft landing narrative gives them "permission to finally purchase the bonds they've been admiring," said MMA's Matt Fabian.

Passing a new farm bill offers the best chance for movement.

The IRS concluded the examination of an advance refunding of capital improvement funds with no change to the bonds' tax-exempt status.

The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

The projects range from airports to ports and transit-oriented development.

The laddered measure will keep the government open until Jan. 19 and Feb. 2 while the Senate focuses on international concerns, Senate Majority Leader Chuck Schumer said.

Stabilizing the Highway Trust Fund and easing Buy America requirements are top congressional priorities for state transportation officials.

The bill to avert a government shutdown moves to the Senate and lawmakers are hoping to pass it before the government shuts down Friday at midnight.

The time between the announcement of an award and the actual cash going out the door can be frustratingly long.

The issuer said it pans to discuss the matter with the IRS.