Markets

Issuance was light as the municipal bond market got hammered by jumping Treasury yields.

After three quarters, only Morgan Stanley and Jefferies have increased par amount underwritten from last year.

GASB is accepting comments through Nov. 2 on its proposal to clarify the definition of a conduit debt obligation.

Munis weakened significantly for the second day in a row after the 10-year Treasury hit 3.1268% Wednesday, its highest point since 2011.

The value of new factory orders rose 2.3% in August, slightly above the 2.2% increase expected by analysts.

Initial claims for U.S. state unemployment benefits fell by 8,000 to 207,000 in the September 29 week.

Municipal bond prices weakened as supply flooded into the primary sector.

The Jersey Shore gambling hub is poised for long-term economic growth, according to new tourism indicators.

The not-for-profit university closed on a $195 million privately placed refunding that eases debt service demands.

Municipal bond buyers saw more volume hit the screens on Wednesday as the big New Jersey deal came to market.