Markets

In the week ended August 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Cleveland Hopkins is planning to issue $90.3 million of series 2018 A refunding bonds and $21 million of series 2018B bonds.

Municipal bonds showed strength on Thursday as market participants look ahead to next week.

Moody's Investors Service took the Nevada city up to Baa1.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.

Municipal bond market participants were wrapping up the last of the week’s primary supply and looking ahead to next week’s holiday-shortened trading week.

Initial claims for U.S. state unemployment benefits rose by 3,000 to 213,000 in the August 25 week, as expected.

U.S. consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep Federal Reserve policy makers on track to keep gradually raising interest rates.

Two deals from state issuers came to market on Wednesday as municipal bond buyers were treated to much needed volume.

Bond lawyers will recognize the late Jim Lebenthal and Lewis Horne with awards next month, as well as Virginia "Gigi" Benjamin.