Markets

The municipal bond market saw more supply sail its way on Wednesday as three big offerings hit the screens.

Chuck Peck spent the previous 12 years at Morgan Stanley, where he most recently ran the Rocky Mountain Region.

Existing home sales fell 3.2% to a seasonally adjusted 5.38 million-unit rate in January.

The municipal bond market was giving a warm welcome to several new deals that hit the screens on Tuesday.

A parched municipal bond market will get what buyers want: a hefty blast of new supply this week. And it’s coming from two big, market-friendly names – New York City and Los Angeles Schools.

Municipal bond traders returned from a three-day weekend to see NYC bonds priced for retail investors as big auctions from the Treasury Department loomed.

Inaction, significant new debt and failure to control labor costs and other cost drivers could pose major bondholder risks, says a Gurtin report.

The region's non-manufacturing sector “continued to expand,” as the general business conditions index soared to 31.0 in February.

The municipal bond market will see $5.8 billion of new deals hit the screens, somewhat slaking investor's thirst for new supply

Treasury Department sales of state and local government series securities are expected to dramatically decline this month now that issuers no longer need them for tax-exempt advance refunding escrows.