Markets

The nonprofit hospital chain expects significant savings even though it must issue taxable debt to refund tax-exempt bonds.

Municipals will see yet another week of sub-$4 billion issuance, as taxables take the top spot on the calendar.

Detroit's affordable housing plan would give developers access to private activity bonds associated with Michigan’s 4% tax credit program.

A day after seeing the market rally and strengthen by five basis points on the long end, munis were quiet and flat ahead of another week of lackluster volume.

New single-family home sales pace slowed down slightly by 0.6% to 618,000, following sharp upward revisions to January, December, and November.

The value of U.S. durable goods new orders surged 3.1% in February, much stronger than the 1.7% increase expected by analysts in an MNI survey.

The state, after multiple rating downgrades and facing budget strife, declining revenue and a pension funding dispute, plans a GO new-money and refunding sale.

Congress' deficit-raising actions have made it more likely that munis would be targeted for cuts to raise revenues in infrastructure or other future bond-related legislation.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dipped to 4.01% from 4.02% last week.

The municipal market rallied to close out Thursday five basis points lower in yield, while the last two larger deals of the week priced, with the Philly School District passing its test with flying colors.