Markets

Municipal bond supply plunges to under $6 billion next week after seeing over $10 billion of new issues priced this week.

September existing home sales fell to the lowest point since November 2015.

The last of the large municipal bond deals came to market on Thursday, led by a $1.5 billion healthcare offering from Ohio.

Fitch Ratings said it won't lower its ratings because of JEA's litigation attempting to shed a power purchase agreement with Georgia's MEAG.

The city is also considering its first general obligation bond issue since 2017.

Things began to quiet down in the municipal bond market on Thursday, as most of the big deals have come and gone for the week.

The composite of the Leading Economic Index was up 0.5% in September following a 0.4% gain in August, the Conference Board said Thursday.

Initial claims U.S. state unemployment benefits fell by 5,000 to 210,000 in the October 13 employment survey week.

Manufacturers report expansion at a slightly slower rate in October, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported price indexes were “lower than their readings for most of this year.”

California competitively sold nearly $900 million of bonds while the Salt Lake City airport deal was priced in the negotiated sector.