Markets

Construction spending was up 0.5% in August, with a 0.4% increase in private construction and a larger 0.7% increase in public construction, data released by the Commerce Department Monday morning showed.

The overall economy grew for the hundredth straight time, the Institute for Supply Management reported Monday.

Municipal bond market participants are returning to work on Monday ready to see a smaller-than-usual new issue calendar awaiting them this week.

The state's treasurer, Seth Magaziner, cited the “back to basics” strategy his office undertook about a year ago.

Top-shelf municipal bonds ended mixed on Friday ahead of a smaller-than-average new issue calendar that is dominated by a variety of offerings from the Dormitory of the State of New York.

Northwestern was assigned a negative outlook on one of its triple-A ratings.

Issuance of municipal bonds fell 33.9% to $26.7 billion compared to $40.4 billion in September 2016.

Keys Energy Services estimates $32 million in damages from Hurricane Irma, and FEMA will cover most of it.

Top-shelf municipal bonds were unchanged at midday, according to traders, who are looking ahead to next week’s smaller-than average $4.97 billion new issue calendar.

The rating agency cited the backing of the authority's transportation revenue bonds by a gross lien on operating revenues.