Markets

Activity in the region’s service sector grew at a solid clip, according to firms responding to the Federal Reserve Bank of New York’s May 2018 Business Leaders Survey.

April housing starts fell by 3.7% to a 1.287 million annual rate.

As a wave of new municipal bond deals swept into the market, munis weakened in secondary action.

The district is promoting structural protections and fiscal gains as it prepares to go to market with a $260 million refunding.

The commonwealth expects to come to market Wednesday with a competitive issuance.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

Municipal bonds turned weaker on Tuesday as a wave of deals swept into the market.

The value of business inventories in March was roughly unchanged, below the 0.1% gain expected by analysts.

Builders’ confidence in the market for new single-family homes grew again as the National Association of Home Builders' housing market index climbed to 70 in May from a downwardly revised 68 in April, first reported as 69.

U.S. retail sales rose for a second month in April in broad fashion as bigger after-tax paychecks helped compensate for rising fuel costs, signaling consumer demand was off to a good start this quarter.