Markets

Municipal bonds were mixed ahead of this week’s $4.4 billion calendar.

The West Virginia Parkways Authority prices senior lien turnpike toll revenue bonds Tuesday as part of the state’s Roads to Prosperity Program.

Texas factory activity growth, as measured by the production index, suggested a “robust expansion.”

Pending home sales gained 0.9% to an index reading of 106.9 in June.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

Some big deals are heading into the municipal bond marketplace this week as sales from a convention center in Washington state and the state of Maryland will be offered to buyers still flush with cash from the June-July redemption period.

Weekly municipal bond volume is estimated at $4.4 billion for the upcoming week.

U.S. Virgin Islands Gov. Kenneth Mapp said the project will lead to an additional $615 million in direct revenues for the government over the next 10 fiscal years.

The rating is one level below Advocate's existing rating and two higher than Aurora's.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.