Markets

Municipal bond buyers adopted a cautious tone on Tuesday, waiting for trading volatility to die down before jumping back into the market.

Newly issued Treasury securities held in stripped form increased about $2.132 billion in January to a total of $264.234 billion.

Ball State University would control the financially distressed Muncie school district through an appointed seven-member board.

Some municipal bond traders are describing an apathetic mood in the municipal market on Tuesday.

The U.S. international trade gap widened to $53.1 billion in December, a larger gap than the $52.0 billion deficit expected.

Muni market participants are ready for yet another week of low volume and high volatility, with investors keeping their money on the sidelines until the markets stabilize.

Benefit changes for the city’s public safety pensions will remain, said Moody's Investors Service.

Action in the primary muni market has been slow and low in 2018 and yields have spiked recently, with investors increasingly moving to the sidelines to wait for calmer waters. However, some view this as a buying opportunity and are urging others to jump in with them.

Faced with yet another week of low volume and high volatility, muni market participants hope for improvement in February.

Syncora will pay $350 million under the agreement, which doesn't include any Puerto Rico exposure.