Markets

The municipal bond market will see more volume than it has in a while, as almost $10 billion of new deals are set to hit the screens this week.

The Empire State Manufacturing Survey showed "business activity grew at a robust pace in New York State."

The short-term lifeline will enable the commonwealth to make Medicaid payments while it will lacks a revenue plan.

The U.S. Virgin Islands government is seeking federal money to cover hurricane-related expenses and revenue shortfalls.

The primary muni market is set for nearly $10 billion in weekly volume, as deals from Illinois, New York and California dominate the calendar.

The prairie state plans $6 billion of general obligation borrowing over the next two weeks, offerings expected to lure investors with unusually rich yields for a sovereign state credit.

The record $2.5 billion of refunding bonds from North Texas Tollway Authority attracted $19 billion of orders.

Top-shelf municipal bonds were stronger at mid-session, according to traders, who are looking ahead to the next week's almost $10 billion new issue slate.

The University of Michigan's preliminary October consumer sentiment index reading was 101.1, compared to the final September 95.1 and the preliminary September 95.3, according to market sources.

The value of business inventories rose 0.7% in August, matching a 0.7% gain in business sales, a Commerce Department report Friday showed.