Markets

Moody's changed the outlook on its Aa3 rating to positive from stable.

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

The Fairfield-Suisun school district will use proceeds to modernize its schools.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

Existing home sales fell 0.6% to a seasonally adjusted 5.38 million-unit rate in June.

The Chicago Fed National Activity Index for June reversed to positive 0.43 from a downwardly revised negative 0.45 in May.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.