Markets

The bonds for IndyGo are secured by a .25% local income tax approved by Marion County voters two years ago.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

Munis will see the last weekly issuance roll in - as the past few days hasn’t gone as planned, with rising yields and rocky market conditions causing the biggest deal of the week to postpone the deal.

The the Institute for Supply Management said its factory index dropped to 57.7 in October from 59.8 in prior month.

Construction spending was flat in September, below the 0.1% gain expected.

Initial claims U.S. state unemployment benefits fell by 2,000 to 214,000 in the Oct. 27 week, slightly below expectations for a 215,000 level .

Under the mPower program, loans for energy retrofits are bundled into a revenue stream to back structured bonds sponsored by Placer Co., Calif. The program’s goal is in the spirit of energy efficiency and environmental sensitivity – a well-established policy in the state. Jenine Windeshausen, the county's Treasurer-Tax Collector and the county’s municipal advisor Kenneth Dieker of Del Rio Advisors review the program. John Hallacy is host.

The main measure of nonfarm business employee output per hour increased at a 2.2% annualized rate in the July-September period.

Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.

Employers announced plans to cut 75,644 jobs in October, according to a report released Thursday from Challenger, Gray & Christmas.