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Municipal bonds finished weaker on Thursday as issuers from Maryland and California sold over $1 billion of bonds by competitive bid.

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

Legislative leaders say the move will plug a $2.2 billion budget shortage and end a nearly five-month budget impasse.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

The Illinois Senate will attempt to override a veto of the Debt Transparency Act next month.

The bonds will refund debt the city sold in 2012 and 2013.

The city has amassed more than $95 billion in other post-employment obligations without any credible plan to pay it off, the report says.

Chicago Public Schools says its books are balanced while also saying it needs more than $1 billion of short-term borrowing.

Public finance issuers aren't expected to experience more than minimal credit effects.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.280% high yield, a price of 99.806914.