Markets

The Illinois borrowing pitch highlights “improving” credit fundamentals and its position as the Midwest “powerhouse.”

BondWave LLC, announced the launch of Effi, a fixed income data warehouse platform aimed at bringing transparency to the marketplace.

The region's governments could find it harder to generate fresh revenue, Moody’s Investors Service said

Few details have emerged yet about a tentative state budget deal that might help the capital city dodge bankruptcy.

Municipal bonds were weaker at mid-session, according to traders, who are looking ahead to the next week's $10 billion new issue slate, which will be dominated by Illinois's $4.5 billion general obligation bond offering.

Existing home sales grew 0.7% to a seasonally adjusted 5.39 million-unit rate in September.

Municipals are little changed in early activity as the market gets ready to take on the biggest deal of the year — next week’s $4.5 billion Illinois general obligation bond offering.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98% from 4.02% last week.

Municipals finished mixed in secondary trading on Thursday as a spate of transportation deals hit traders' screens.

The firm's win on a competitive California GO deal underscores efforts to keep its hand in the new-issue business.