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The New York Metropolitan Transportation Authority sold over $1 billion of securities Thursday.

The MNI Chicago Business Barometer dropped to 56.7 in January, falling 7.1 points from December's downwardly adjusted 63.8.

Traditional bond buyers are going back to Puerto Rico.

Ronnie Lowenstein, director of the Independent Budget Office, weighs the city's fiscal picture against the backdrop of economic and Washington uncertainty. Chip Barnett and Paul Burton host.

The employment cost index, a broad gauge monitored by the Federal Reserve, increased 0.7% in the October-December period.

Jobless claims jumped from a five-decade low to 253,000 in the week ended Jan. 26.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

The electronic survey at the Bond Buyer's National Outlook Conference also found little expectation that the federal government will make a difference on infrastructure.

Munis spent most of the day in a defensive stance as the Fed met to decide the course of monetary policy.

The initial public offering will raise up to $540 million to expand Florida's passenger train system and acquire the Las Vegas XpressWest project.