Markets

The producer price index saw its largest monthly drop in four years.

Janna Chernetz, a senior policy analyst at the Tri-State Transportation Campaign, discusses how New Jersey Transit is working to fix the myriad of budgetary challenges that are facing the nation's third-busiest public transportation system. Andrew Coen hosts.

Most of the deal from Connecticut's largest city will be taxable, with the lion's share going to a pension fund.

Neighborly's CEO Jase Wilson said the payroll stop was needed while the company restructures itself away from municipal bonds.

Ongoing state intervention will mute any policy impacts stemming from the resignation of a mayor who pleaded guilty to embezzling from a youth sports group.

This week's new deals will price into a market that has seen declining yields as stocks and Treasuries have weathered market volatility.

The city's municipal expects $44 million of present-value savings in the $244 million deal to refund 2010 BABs.

Following suit with the issuers and underwriters, top muni financial advisors were outpacing business done to this point last year with $224.84 billion, up from $206.93 billion. The first three spots in the rankings remained the same for the big players, as the rest of the field saw a bevy of changes.

Through three quarters municipal bond issuers are coming to market more frequently than they did during the same period of 2018, as low rates and yields are too good to pass up and demand for muni bonds is closing in on an all-time high.

Municipal underwriters saw increased business, as demand for muni bonds jumped through the roof. Top muni underwriters accounted for $267.51 billion in 7,310 deals, up from $239.33 billion in 6,406 transactions in the first nine months of 2018.