Markets

Consumers’ inflation expectations held, but respondents’ optimism about wages dipped in July.

Municipal bond buyers will see the largest new issue calendar of the year come to market this week as almost $12 billion of debt goes up for grabs.

It will seem like Christmas in August for municipal investors when nearly $12 billion of new issuance interrupts the dog days.

The deal to finance a long-stalled jail project marked the county’s return to the market after an eight-year absence.

The potential sale comes as asset managers grapple with narrowing margins as fees fall and regulatory costs mount.

The federal government ran a $76.9 billion deficit in July.

Municipal bond volume soars to nearly $12 billion next week as supply-starved buyers await the new issue slate.

U.S. consumer prices rose in July, with a gauge excluding food and fuel costs posting the biggest annual gain since 2008.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.03% from 4.01% the week before.

“Strategic investments” account for the 20% increase in spending since New York Mayor Bill de Blasio took office, his budget director said Thursday.