Markets

The man behind the allegations of widespread VRDO fraud is Bjorn Johan Rosenberg.

U.S. new-home construction rebounded by more than expected in January amid strength in single-family starts and a nine-month high for permits, signaling the market is stabilizing thanks to lower mortgage rates.

U.S. hiring was the weakest in more than a year while wage gains were the fastest of the expansion and the unemployment rate fell.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 4.04% the week before.

The Florida Development Finance Corp. said another meeting will be scheduled to finish taking public comment on financing for the passenger train project.

There are some caveats attached to this traditional axiom on time of the season.

If blockchain becomes a force in the muni market, it could take on some of the duties done by middlemen, thereby cutting costs for issuers.

Consumer credit increased by $17.0 billion in January to $4.035 trillion.

Moody's boost at Aa1 means lower borrowing costs, additional savings and a more diverse market for the city's bonds, according to Melanie Hartzog.

The level of initial claims fell by 3,000 to 223,000 in the March 2 week, just below expectations for a 225,000 reading, data released Thursday showed.