Markets

The firm hired Damian Maggos in Indianapolis and Matthew Ruess in Crown Point.

It was a big day for the municipal bond market as billions of dollars of new deals hit the screens.

LIPA plans to price $485 million of electric system general revenue bonds this week.

Issuers jump into the market as yields remain near record low levels.

The Federal Reserve’s pre-meeting blackout period started, and although we won’t hear from Fed officials this week, several economic indicators are slated, including inflation data on Wednesday and Thursday and reads of the consumer sector on Friday.

Fed still divided, but 25 basis point cut is a good bet.

With supply looking up, traders and analysts expect new issues to be well absorbed even if Treasuries correct futher.

The U.S. Department of Housing and Urban Development said Thursday it is expanding the Rental Assistance Demonstration program to Section 202 PRAC units that house senior citizens.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

The employment report suggests the economy is slowing, though not to the point of recession.