Markets

The University of Michigan's preliminary December consumer sentiment index reading was 96.8, compared to the final November 98.5 and the preliminary November 97.8, according to market sources.

The value of wholesale inventories fell 0.5% in October, revised down from the 0.4% decline in the advance estimate, while wholesale sales saw a 0.7% increase, data released Friday by the U.S. Commerce Department showed.

The municipal bond market was one again looking at an above-average calendar for next week, with negotiated supply alone coming in at over $17 billion.

Non-farm payrolls rose 228,000 in November and were up 221,000 for private jobs alone, both ahead of expectations, the Bureau of Labor Statistics said on Friday.

WASHINGTON -- Nonfarm payrolls rose 228,000 in November and were up 221,000 for private jobs alone, both ahead of expectations, the Bureau of Labor Statistics said on Friday.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped to 3.90% from 3.99% last week.

More municipal bond volume hit as muni yields began to stabilize after a five-session decline.

Consumer credit increased by $20.5 billion in October to $3.802 trillion, the Federal Reserve reported Thursday.

Photos from The Bond Buyer's annual gala honoring exemplary public finance transactions and Trailblazing Women in Public Finance.

Municipal bond yields were stabilizing on Thursday as the market saw a third day of supply hit the screens.