Markets

The municipal bond market is getting set for the Thanksgiving holiday as it looks ahead to next week’s $11.73 billion new issue calendar.

Regional consolidation would boost business investments and fend off needless duplication and competition, a fiscal watchdog said.

The University of Michigan's final November consumer sentiment index reading was 98.5, compared to the preliminary November 97.8 and the final October 100.7, according to market sources.

The value of U.S. durable goods new orders fell 1.2% in October, well below expectations for a 0.5% increase.

Initial claims U.S. state unemployment benefits fell by 13,000 to 239,000 in the November 18 employment survey week.

Halting tax-exempt advance refundings at the end of the year, as proposed by both pending tax bills, would increase issuers’ costs, deprive them of savings for new projects, and push some to enter into swaps that could increase their risk.

Underwriters priced the New York Metropolitan Transportation Authority’s $2 billion advance refunding deal for institutions on Tuesday, the last big offering of the week.

Tom Enright and Rick Hursh are managing directors of the firm’s new capital markets office in Indianapolis.

Illinois follows up its $6 billion of October borrowing with $750 million of new money GOs.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. In secondary trading, municipals turned weaker.