Markets

A lawsuit alleging fraud accusing banks and broker-dealers of fraud in the variable-rate demand obligation market will proceed, an Illinois judge ruled.

Ipreo forecasts weekly bond volume will surge to $7.2 billion from a revised total of $3.8 billion this week.

The Institute for Supply Management index unexpectedly rose last month.

The University of Michigan’s final January sentiment index fell to a two-year low.

Shields, fired by Wells Fargo in December, joined Loop Capital Markets LLC as a managing director this week.

U.S. hiring in January topped all forecasts as wage gains cooled.

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 4.11% the week before.

The N.Y. Metropolitan Transportation Authority sold over $1 billion of securities Thursday as munis ended stronger.

Mt. Pleasant, Racine County, and the Wisconsin state government all face risks if the Taiwanese manufacturer can't deliver on its big promises.

S&P Global Ratings says Detroit's Local Development Finance Authority's collections haven't been enough to cover debt service payments on subordinate bonds issued in 1997.