Markets

Initial claims U.S. state unemployment benefits fell by 1,000 to 232,000 in the April 14 employment survey week.

Manufacturers report continued growth in April, but this month's Federal Reserve Bank of Philadelphia Report on Business showed signs of increasing costs.

Deals from Connecticut and Ohio issuers arrived as some buyside participants complained of low volume and inactivity in the muni market.

New Jersey's third-most-populous city retains a junk Ba1 underling rating, but Moody's boosted its outlook to stable.

Two big education deals are slated to hit the market on Wednesday, with deals coming from issuers in Connecticut and Ohio.

With the latest bout of flattening, the reality of sub-zero spreads may soon collide with an otherwise sanguine outlook on the economy.

The university plans to price $118 million of new money and refunding bonds this week, and to close the refunding deal in September.

California came to market with a $2.15 billion general obligation bond deal as JPMorgan priced the big taxable offering

The municipal market is seeing several new deals hit the screens ahead of the big taxable deal from California.

S&P Global Ratings still has the district well inside junk-bond territory at a B rating.