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S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.

Puerto Rico issues rallied after the central parties reached a deal concerning Puerto Rico Sales Tax Financing Corp. bonds.

The future of a proposed 10-story waterfront building could be riding on the City Council's decision on a $1.12 million bond.

June wholesale inventories increased by 0.1%, revised upward from the flat reading reported in the advance estimate.

The legislation, which aims to curb the effects of app-based for-hire vehicles on city streets, may lead to a congestion pricing framework.

Mark Paris and Stephanie Larosiliere of Invesco are optimistic on technicals in the municipal bond market given the length of this business cycle. John Hallacy is host.

Initial jobless claims fell by 6,000 to 213,000 in the August 4 week, below the 220,000 level expected.

U.S. wholesale prices were unchanged in July as costs for services fell for the first time this year.

The Puerto Rico Oversight Board, the government of Gov. Ricardo Rosselló, COFINA senior bondholders’ representatives, COFINA subordinate bondholders’ representatives, and bond insurers agreed to the deal.

A draft of the plan in early July indicated that 71.3% of the funding was to come from the federal government.