Markets

New Jersey’s Lottery Enterprise Contribution Act translated into better primary market bond pricing, the state treasurer says.

The municipal bond primary market returned to life as issuers in Massachusetts, Virginia and Minnesota offered new tax-exempts to bond-hungry investors.

After Congress almost did away with them in the recently enacted tax legislation, tax-exempt private activity bond volume caps for states will see an increase for 2018.

UBS Wealth Management Americas raised its firepower in areas that escaped the chopping block under the new tax law, hiring a trio of executives with experience in stadium and public power finance.

Bank of America Merrill Lynch and TD Securities won the bidding for Massachusetts’ $600 million of general obligation bonds while Citigroup won the gilt-edge Fairfax County, Va., bonds.

U.S. job openings unexpectedly fell in November to a six-month low, though the level is still consistent with an improving labor market, Labor Department data showed Tuesday.

The municipal bond market springs to life on Tuesday as several large competitive sales hit the screens, led by issuers in Massachusetts, Virginia and Minnesota.

The municipal bond market was quiet Monday as traders waited for this week’s new issue sales to get underway with competitive deals on Tuesday from Massachusetts and Fairfax County, Va.

Consumer credit increased by $28.8 billion in November to $3.827 trillion, the Federal Reserve reported Thursday.

The municipal bond market on Monday is patiently waiting for this week’s new issue sales to get underway with competitive sales on Tuesday from Massachusetts and Fairfax County, Va.