Washington

Arlington, Texas planned to issue $500 million of tax-exempt bonds in 2018 for a Major League Baseball venue.

Retail and institutional municipal bond investors hope volume of nearly $9 billion is a sign of consistent elevated weekly volume for the remainder of the year.

With nearly $9 billion in volume, thanks to a large refunding deal, market participants expect issuance will remain strong as issuers try to beat tax reform.

William C. Dudley, Federal Reserve Bank of New York president and chief executive officer, intends to retire in mid-2018 “to ensure that a successor is in place well before the end of his term,” the Fed said in a statement Monday.

Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, according to CNBC.

Already facing the potential loss of several key financing tools and a 20% corporate tax rate that would cheapen the relative value of tax-exempt munis, there could be even more pain in store for the municipal market when the Senate weighs in.

The House Ways and Means Committee begins deliberations on the 429-page tax reform bill noon Monday.

Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay.

Refundings on the calendar for the week ahead spurred speculation that issuers may rush deals to market before they are banned by the GOP tax plan.

Undoing the floating net asset value requirement for money market funds would give municipalities more flexibility, GFOA testifies.