Washington

"Compromises had to be made," Neal said about muni market proposals being dropped from the Build Back Better agenda.

Jerome Powell is widely expected to be renominated to a second term as Federal Reserve chair, but his chances have been modestly dented by the revelations of stock trading by some senior Fed officials in 2020, according to economists surveyed by Bloomberg News.

SEC Chairman Gary Gensler focused much of his comments during SIFMA’s Annual Meeting on why he considers himself to be just getting the ball rolling on climate disclosures.

Though monetary policy has been in the forefront, at mid-month the tone changed with global inflation outlooks and federal infrastructure and social package in flux.

The Treasury Department, for the first time in more than five years, will likely unveil a scaling down of its behemoth quarterly sale of longer-term securities.

The popularity of cryptocurrency may drive investment by public pension funds.

A lighter, $5 billion calendar, heavy on healthcare, kicks off November. Most participants agree volatility in U.S. Treasuries will be a leading factor for municipal market performance. Uncertainty in Washington also isn't helping the asset class.

The Municipal Securities Rulemaking Board plans to request comment on its supervision rule within the next month.

Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.

October has, on average, been the heaviest new-issue month of the year. Analysts said the lower volume, particularly taxables, was led by many issuers sitting on the sidelines, waiting for a potential package from Washington, D.C.