Markets

Deals from two New York issuers were offered to retail buyers on Monday as a supply-heavy week began.

The value of business inventories in August were up 0.5%, slightly below the 0.6% increase expected by analysts.

With almost $11 billion of municipal bond volume heading their way, investors will be in the catbird seat as a wide array of issuers, credits and ratings come to market.

U.S. retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts that may reflect the impact of Hurricane Florence.

Selling prices remained elevated, while business activity expanded at a faster pace in October.

The price of the territory's debt has more than doubled this year.

The municipal bond market is set for almost $11 billion of new supply.

Added debt drove one-notch downgrade but long-term benefits seen.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

Municipal bond supply jumps to almost $11 billion next week as investors get set to see a wide variety of deals heading their way.