Markets

Muni prices were firm Friday after the employment report showed nonfarm payrolls rose 559,000 in May as the jobless rate fell to 5.8%.

Raymond James is senior manager for the sale, which will feature $82 million of Series B tax-exempt and $17 million of Series A federally taxable bonds.

As most participants await Friday's jobs report, the municipal market Thursday sustained a firm tone as rates remained on a gradual path of decline.

Kestrel Verifiers has certified as green a tranche of bonds that will finance the ethanol plant in California's economically challenged Imperial Valley.

Economists are bracing for another volatile monthly jobs report and some forecasters are tweaking their models ahead of Friday's data.

ICI's report marks the 12th consecutive week of inflows bringing the total for 2021 to more than $40 billion. Lower- and non-rated deals saw 20 to 30 basis point bumps in repricings as any paper with yield is massively oversubscribed.

The authority will scoop-and-toss some near-term debt to avoid a shortfall that would force Chicago to dig into its own pockets to cover a hotel tax shortfall.

S&P Global Ratings has fewer universities and colleges with negative outlooks since the beginning of the year.

The state's general obligation bonds are rated triple-A by Moody's, S&P and Fitch.

The revenue sector winners in May included healthcare with +0.53% gains, transportation with +0.42%, each benefiting from "the reach for yield and improving metrics," analysts said.