Markets

Municipal bonds were stronger Wednesday as bond deals from New York and California were coming to market.

Pending home sales declined 0.5% to an index reading of 105.9 in May, after an unrevised 1.3% fall to 106.4 in April.

The value of U.S. durable goods new orders fell 0.6% in May, a smaller drop than the 0.8% decrease expected by analysts.

Municipal bonds were little changed Tuesday as a continuation of the June-July reinvestment season made for brisk demand.

Bond proceeds, approved in a 2016 measure, will be used for programs to aid homeless people.

The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.

Municipal bonds were little changed Tuesday as traders saw big note and bond deals hit the market, led by issuers in California and New York.

Texas service sector activity “continued to increase in June, although at a slightly slower pace than last month.”

Service sector “activity grew robustly in June,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region “continued to expand in June.”