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The U.S. services sector expanded at a slower pace in July as the non-manufacturing index fell to 55.8 from 59.1 in June.

Securitization or pension obligation bonds are options for the city.

The U.S. trade deficit grew in June for the first time in four months as imports increased and the value of shipments overseas declined.

U.S. hiring cooled in July after more-robust gains than previously reported, while the unemployment rate slipped back below 4%.

In the week ended August 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.01% from 3.99% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The board declined to say what the net impact on the central commonwealth government’s finances would be.

To keep its record bond proposal below $1 billion in November, the Fort Bend Independent School District favors calling for two elections three years apart.

Municipals were mixed on Thursday as the bond markets await Friday’s release of July’s employment report.

The Municipal Securities Rulemaking Board has selected two individuals representing the public and three from regulated entities from 80 applicants to become part of its 21-member board on Oct. 1.

The suit contends the ballot measure fails to inform voters that charter schools could bypass local school districts for approval.