Markets

The U.S. services sector expanded at a faster pace in February as the non-manufacturing index climbed to 59.7.

The municipal market is prepping to see $5.84 billion of new bonds, including the biggest deal of the year.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

With plans to grow and improve more than 5,400 miles of electrical transmission lines, the Lower Colorado River Authority will issue $369.7 million of revenue bonds.

The firm's new chief executive sees a wealth of assets, a positive employee culture, and great potential for growth.

The composite of the Leading Economic Index was revised to an unchanged level in January.

U.S. construction spending posted the smallest annual increase since 2011 as homebuilding slowed amid higher borrowing costs and a glut of apartments in some areas.

New York economic conditions slipped in February, with current conditions falling to their lowest level since June.

The West and East Coasts will battle it out for the top municipal deal of the week — with California coming with a $2.3 billion GO deal and NYC coming with almost $990 million of bonds.

The upgrade Friday came as city Comptroller Scott Stinger warned about the use of numerous one-time actions to balance the budget.