Markets

Retail buyers grabbed New York City’s big general obligation bond offering while several large negotiated and competitive deals hit the market on Tuesday.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 1.180% high yield, a price of 99.908222.

The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.650% high yield, a price of 98.331667.

The U.S. services sector continued to expand in November although at a slower pace than in the previous month as the non-manufacturing business activity composite index was 57.4 versus to 60.1 in October, on a seasonally adjusted basis, the Institute for Supply Management reported Tuesday

The municipal bond market will face a second busy day as more supply is set to hit the screens on Tuesday.

The U.S. international trade gap widened to $48.7 billion in October, a larger gap than the $47.5 billion deficit expected and following a revised wider $44.9 billion gap in September.

The goal is to provide bond investors with easy access to the port's financial data.

Chicago's new borrowing entity brings $575 million of sales tax securitization bonds to market this week.

New York City offered $850 million of general obligation bonds to retail buyers while the Metropolitan St. Louis Sewer District, Mo., presented a $317 million refunding deal to retail investors and the Pennsylvania Turnpike’s $260 million of bonds priced.

A portion of the Oklahoma Turnpike Authority's $410 million deal may well be its last advance refunding.