Markets

The United Methodist Retirement Communities' $18 million sale follows a one notch downgrade by Fitch Ratings to BBB.

A large industrial revenue bond issue closed out the primary in a holiday-shortened week for the municipal bond market.

State and local governments would be able to issue tax-exempt PABs not subject to state volume caps if at least 95% or more of the net proceeds are used for green infrastructure.

A decline in pending home sales and a widening trade deficit suggest growth will slow this year.

Scott Waguespack will chair the committee that vets city bond deals and other financial transactions.

Demand for tax-exempt income overwhelmed the usual selling in the secondary market during tax season.

The markets have priced in a Federal Reserve rate cut this year, with the likelihood of a September reduction rising to 62% on Wednesday from a 50-50 shot on Tuesday and about a 91% of a 25 basis point cut by yearend.

Munis are termed rich, but taxables still shine.

Stockton University’s ability to meet enrollment targets for its new satellite campus led to a rating outlook boost.

Softness in consumer spending may be ending, which would increase gross domestic product.