Markets

The firm, which returned this year to public finance, hired five bankers in Texas, Florida, Illinois and New York.

The University of Michigan's final September consumer sentiment index reading was 95.1, compared to the preliminary September 95.3, and the final August 96.8, according to market sources.

The Chicago Business Barometer rose to 65.2 in September from 58.9 in August, the ISM-Chicago reported on Friday. It was the highest level in three months and the second highest in over three years.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be headlined by deals from a New York State issuer.

Personal income rose an expected 0.2% in August while a weaker-than-expected 0.1% rise in the core PCE price index cut the year on year rate for core inflation growth to 1.3% from 1.4% in July, the Commerce Department reported Friday.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index was higher to 4.02% from 4.01% the previous week.

The payoff comes as the district takes out new tax anticipation notes.

The New Jersey Economic Development Authority achieved strong demand during Wednesday’s $350 million school facilities construction bond sale to help generate millions in savings for the Garden State.

The U.S. Virgin Islands responded to Fitch Ratings’ withdrawal of the islands’ ratings by saying that the government will directly provide financial information to investors.

Santee Cooper and South Carolina Electric & Gas monetized all but one payment of the $2.17 billion they expected to receive from Toshiba.