Markets

President Trump announced sanctions on Iran, but with no signals about other retaliation, the markets appear convinced of no further escalation of hostilities.

The top three spots in the rankings did not change year-over-year but there were plenty of place changes in the rest of the top 10

The top municipal issuers easily surpassed their issuance totals from 2018 year, with $400.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals the year before. California regained control of the throne after coming in third in 2018.

The top muni underwriters accounted for $406.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals in 2018. There was only one change in the top five year-over-year but spots six through 10 saw three changes. Barclays and Stifel both had big improvements in the rankings, while Raymond James dropped the most.

The Palmyra-Eagle Area School District says it will run out of operating funds in the next school year.

Four large competitive deals stole the show on Tuesday, including New Jersey's first general obligation sale in a little more than three years.

Bill Carabasi has 37 years of sales and trading experience in the fixed income and municipal bond markets.

Two rating agencies lowered their outlook for University Hospitals to stable from positive.

Chicago is coming to market next week with its $1.3 billion debt refinancing.

Laura Lightbody and Colin Foard of Pew Charitable Trusts discuss how states and cities can fund resilience measures. Paul Burton hosts.