Markets

Initial claims U.S. state unemployment benefits fell by 3,000 to 218,000 in the June 16 employment survey week.

Manufacturers report continued growth in June, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported increasing costs.

The Kinney County Public Facility Corp. issued $9.23 million in project revenue bonds to finance the the warehouse style building with 384 beds for adults.

Municipal bonds were stronger on Tuesday as California’s $1.7 billion tobacco bond deal received $15 billion in orders.

Three straight years of budget surpluses led S&P Global Ratings to upgrade the Nassau County town of 766,000.

The firm is expanding at its St. Louis headquarters, where it says it wants its sales professionals to be housed.

Municipal bonds were stronger on Tuesday as California’s big tobacco bond deal was priced for institutions.

Morgan Stanley won the auction for both tranches of $261 million of debt.

Existing home sales fell 0.4% to a seasonally adjusted 5.43 million-unit rate in May.

While aversion to an inverted yield curve is strong in the municipal market, an inversion isn’t yet a foregone conclusion.