Markets

CFO Carole Brown says the Windy City is being shortchanged in terms of ratings and yields.

In the competitive arena, Maryland sold two deals totaling over $500 million on Wednesday.

Construction spending fell by 1.1% in June, below the 0.2% gain expected.

The overall economy grew for the 111th straight time.

Private-sector employment increased by 219,000 in July, on a seasonally adjusted basis, ADP estimated Wednesday.

The report card touts the MSRB's accomplishments, though that doesn't sit well with some market participants.

Puerto Rico issues rallied on a restructuring agreement for the power company, while municipal bond buyers saw some new supply head their way.

For the first time this year, the municipal bond market generated more volume than it did in the same month of 2017, as July issuance edged 1.3% higher.

Puerto Rico issues rallied after reports the island’s electric company struck a debt restructuring agreement with its bondholders.

City officials say the round of assignments for bond counsel and special disclosure counsel includes larger and smaller, minority-owned law firms.