Markets

Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.

Builders’ confidence in the market for new single-family homes decreased, the National Association of Home Builders said.

The municipal bond market is set for the start of the week’s smaller-than-average new issue calendar. Volume for the week is estimated at $4.72 billion, consisting of $3.71 billion of negotiated deals and $1.01 billion of competitive sales.

The New York region's service sector activity "expanded modestly," according to the Federal Reserve Bank of New York's September Business Leaders Survey, released Monday.

The increase in median income may be connected to emigration from the island.

Weekly volume in the primary municipal bond market is expected to drop below $5 billion for the third time in five weeks.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

Top-shelf municipal bonds were mixed at midday, according to traders, who are looking ahead to next week’s new issue calendar. Ipreo estimates total bond volume for next week at $4.72 billion.

The state awaits word on how Gov. Tom Wolf will handle the situation as bond rating agencies continue to hover.

A planned overnight short-notice vote failed to materialize amid continued tweaks.