Washington

As New York City launched the first of its two-day retail order period on $1.039 billion of GO bonds, the market was uneventful ahead of $9.76 billion in the primary market this week

The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global planning for a transition to a new benchmark for borrowing rates.

The House's powerful speaker will need to win the votes of moderates.

Nine mayors from across the country backed House Speaker Nancy Pelosi’s double-barreled strategy to move infrastructure legislation.

Separately, Atlanta Fed President Raphael Bostic said the FOMC wouldn't raise rates in response to a “hot” labor market, out of fear over subsequent inflation.

The announcement came after the municipal advisors trade group said it had received a report of COVID-19 exposure at a testing site.

The increasing influence of institutional market participants is even stronger in the taxable muni sector, a Municipal Securities Rulemaking Board report finds.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

The legislation passed the Senate by 69-30 setting the stage for House lawmakers to work on it and for Senate Democrats to weigh a social infrastructure agenda.

Treasury has already halted the sale of state and local securities, known as SLGS.