Markets

The municipal bond market on Wednesday was taking stock of Pennsylvania’s successful sale of over $1.5 billion of tobacco bonds.

Berkeley, Calif., plans to issue the first bonds using blockchain technology in May.

The value of business inventories rose 0.4% in December, slightly above analysts' expectations for a 0.3% rise.

U.S. retail sales unexpectedly fell in January and December figures were revised downward, suggesting consumer spending is on a slower track in the first quarter.

U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades.

Pennsylvania sold a tobacco bond deal to receptive buyers, who liked the security pledge, timing and partial insurance.

Build America Mutual's 2017 and fourth quarter financial results show gains.

The president's proposal to expand and use private activity bonds for public infrastructure projects is similar to one made by a prior administration.

With fewer incentives to buy tax-exempt debt under the new tax law, Texas municipal bond industry leaders confront a changing market.

An upsized Pennsylvania tobacco deal prices into a market where buyers are looking for both higher yield and security.