Markets

S&P Global Ratings upgraded Chicago Public Schools to BB-minus from B-plus, and Fitch Ratings upgraded it to BB from BB-minus, ahead of a $369 million deal.

Deals from Atlanta, Massachusetts, Ohio and Miami-Dade County led Tuesday's primary activity.

Bloomfield Township it cutting its budget after voters rejected a tax levee that was to help it meet its $161 million in unfunded liabilities.

Despite trade issues, consumer confidence slipped only slightly in August, as “consumers have remained confident and willing to spend.”

The state of Tennessee and its school bond authority will be issue $350 million of highly rated new money bonds this month and next.

Massachusetts taxable deal hits $858 million.

While some Federal Reserve Bank presidents offered hawkish remarks at the Jackson Hole symposium, the markets still expect a 25 basis point cut, and analysts agree.

Ahead of the Labor Day holiday, municipal bond buyers will get a chance to nab over $6 billion of bonds set to hit the market.

It's Moody's first upgrade of the state since 1997.

The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.