Washington

Municipals largely stayed in their own lane Wednesday, digesting the large slate of new issues as supply dwindles heading into election week, with Bond Buyer 30-day visible supply falling to $5.56 billion.

The future of infrastructure spending is in doubt post-election.

The key question for municipal market investors is less about who wins the races for the White House and Congress and more about by how much.

The infrastructure grants are bolstered by bond financing.

Municipal advisor Hamlin Capital Advisors and Michael Ferrell Braun have been charged by the SEC for failing to disclose material conflicts of interest to its charter school clients.

"We have made good progress, but inflation is still running above the FOMC's 2% objective," said Federal Reserve Bank of Cleveland President Beth Hammack.

The Municipal Securities Rulemaking Board held its first board meeting over Oct. 23-24, where it approved a number of rule proposals and requests.

Despite studies showing questionable financials, municipalities continue to build

Market participants warned of the law's potential harm to a market that's famously bespoke and self-regulated.

Tax experts are looking past the election for clues about the fate of the Tax Cuts and Jobs Act, which is approaching its sunset and includes the controversial SALT cap.