Markets

The transaction will mark the university’s first new-money series for this credit in 16 years.

Opposition from one of O'Hare's hub carriers remains a sticking point for the pricey terminal revamp.

Retail investors get first crack at California's general obligation bonds priced on Tuesday.

The value of new factory orders in January saw a 1.4% decline, slightly lower than the 1.3% decrease expected.

After a typically quiet Monday for municipals, market participants are eagerly awaiting the commencement of this week's new issue slate, which is led by California's $2.1 billion offering.

Municipal investors have been supply starved but will get just what the doctor ordered; a nice big dose of supply. The mini surge will feature two billion dollar deals – one of the high grade variety and the other more of a high yield deal. With volatility in the atmosphere and big deals few and far between, investors should jump to grab the paper since who knows when the next big deal is coming.

Municipals were sleepy on Monday, typical for the asset class after a quiet trading session on Friday where they outperformed Treasuries; some investors were looking ahead to the upcoming week’s supply, led by a pair of billion dollar deals from California and Oklahoma issuers.

The U.S. services sector expanded at a slower pace in February as the non-manufacturing index fell to 59.5 from 59.9 in January.

Investors will be rewarded for their patience with the year's biggest weekly issuance calendar, including a deal from the market's No. 1 issuer.

Bipartisan bills pending in the House and Senate would allow private activity bonds to be used for state and local government buildings.