Markets

Munis followed Treasurys after the Federal Reserve left interest rates unchanged and tweaked its statement on inflation.

Aid to Hartford, in light of Connecticut’s assumption of city GO debt over 20 years, has become a lightning rod.

Caution is the watchword in the municipal market on Wednesday as participants await details of the Federal Reserve's monetary policy meeting.

The New York economy continues to expand.

Private-sector employment increased by 204,000 in April, on a seasonally adjusted basis, ADP estimated Wednesday.

The district sold $206 million of general obligation bonds in April, including a taxable refunding deal.

Fitch and S&P's affirmation of Milwaukee's double-A ratings comes after Moody's cut the city.

Municipal bonds were mixed in late trading on Tuesday as several large deals hit the screens, led by issuers in New York and Maryland.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.

Tuesday opened with a positive tone in the municipal bond market with a forecast of heavy demand and strong technicals going into the reinvestment season.