Markets

In the week ended April 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.89% the previous week.

Municipal bond buyers saw the last of the week’s new issues come to market on Thursday with action dominated by several large California water issuers.

Just when we thought levels could not go lower, here we are just a few basis points off the March lows in yield.

Manufacturing activity grew more modestly in April, the Federal Reserve Bank of Kansas City announced on Thursday.

March durable goods orders data were well above expectations for an aircraft-led gain, with the headline number rising by 2.7%.

Jobless claims rose 37,000 to 230,000 in the week ended April 20, according to the Labor Department.

The city and county agreed to extend a hotel/motel tax to support bonds for a $175 million expansion.

More municipal supply hit the market on Wednesday with the University of Connecticut’s $240 million general obligation deal attracting interest.

Gary Community School Corp. in Indiana wants to test its access to the bond market with a $5 million bond refunding.

New Jersey Gov. Phil Murphy's administration released the latest in a series of reports designed to provide a roadmap to get Atlantic City out of fiscal trouble.