Markets

The muni market is skidding to a halt from a break-neck issuance filled two weeks, as few notable deals remain on the calendar.

Initial jobless claims rose by 20,000 to 245,000 in the December 16 employment survey week.

Third quarter GDP growth was revised down to a 3.2% annual rate from the 3.3% pace in the second estimate, compared to no revision expected.

The region's manufacturing sector expanded in December at a quicker pace than in November.

The Chicago Fed National Activity Index for November decreased to 0.15 from an upwardly revised 0.76 in October.

The two largest deals of the week touched down, as yields rose with comprehensive tax reform just a few President Trump pen strokes away from becoming official.

Bridgeview, Illinois is the second Illinois home rule community to take advantage of new borrowing program.

The primary market is still waiting for the last few deals of the week to hit, as both the holiday weekend and tax bill becoming law draw closer.

When the future of tax-exempt bonds for nonprofits was unclear, the Dormitory Authority of the State of New York unleashed many end-of- year transactions.

Bond director Ben Watkins lamented the loss of the refinancing tactic that helped refinance 62% of the state’s debt portfolio.