Markets

As the end of the year approaches, new issue supply slows down.

Moody's underscored the sense of uncertainty facing the Metropolitan Transportation Authority by dropping its outlook to negative.

A school district in upstate New York missed a bond payment last month because of a snow day.

The value of business inventories in October was up 0.6% from September.

Total industrial production, which also includes mines and utilities, increased 0.6% after a 0.2% drop in October.

Outstanding government receivables remain a constraining factor to the Virgin Islands Water and Power Authority's credit profile after it refinanced two notes.

November retail sales were up 0.2% in the month, slightly above analysts’ projections for a 0.1% gain.

In the week ended Dec. 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.13% from 4.15% last week.

Hilltop Securities chairman Hill Feinberg will hand over his title as president and chief executive to Piper Jaffray banker Bradley Winges.

Market data shows the trading gap between A-rated and BBB-rated corporate bonds has widened in volume.