Washington

The triple-A 10-year yield is above 2% on all scales, the highest since March 2020.

Scott Colbert, executive vice president and chief economist at Commerce Trust Co., will discuss the Federal Reserve's monetary policy decision and where they go from here.

Elements of the Securities and Exchange Commission’s climate disclosure proposal may influence the Municipal Securities Rulemaking Board as it considers more specific rules for the municipal bond market.

Muni performance has been strong as of late, and spreads have actually corrected after a month of gradual widening.

The Internal Revenue Service will permanently allow TEFRA hearings to be held remotely.

Next week's potential volume is slated to be $7.7 billion. The largest deal of the week comes from New York City with $891 million of tax-exempt general obligation bonds. Recent New York paper traded up Friday.

The MSRB has issued a warning that with the rise in interest rates in recent months, bonds trading at a discount may be less liquid than those trading at par.

The U.S. Federal Reserve will need to raise interest rates higher than officials are currently projecting if it is to wrestle inflation back under control, former U.S. Treasury Secretary Lawrence Summers said.

The city has succeeded in defending the tax-exempt status of a series of bonds issued in 2013 against IRS claims that they should be retroactively taxable.

Outflows continued, rising significantly in the latest week, with Refinitiv Lipper reporting $2.136 billion coming out of municipal bond mutual funds, following outflows of $661.675 billion in the previous week.