Markets

Raymond James plans to enhance its standing in Texas public school finance with the addition of Curtil Culwell, who was superintendent of three different school districts.

The municipal bond market is ready and waiting for the biggest sale of the week on Tuesday, but retail investors got the first shot Monday.

Institutional investors are looking forward to this week’s top-rated muni deal from the Texas Water Board, which is selling $1.6 billion of revenue bonds.

Selling prices remained elevated, while business activity expanded at a slower pace in September, the Empire State Manufacturing Survey showed.

Officials said the deal was undertaken to simplify the Valley Transportation Authority's debt portfolio.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

The value of business inventories in July was up 0.6%, as expected by analysts.

The University of Michigan's preliminary September consumer sentiment index reading was 100.8.