Markets

Bankruptcy may be the only way for Hartford to solve its financial problems, said Connecticut's governor, Dannel Malloy.

Municipal utility districts in the Houston area were well stocked with cash before the storm hit, analysts said.

Gov. Tom Wolf has threatened a spending freeze and rating agencies have threatened more downgrades.

Municipal bonds were weaker, traders said, as they look to the $7.42 billion new issue slate, headed by deals from New York City and Maryland.

Consumers’ inflation expectations held for one-year, but dipped for the three-year horizon, according to the August Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Municipal bond traders were returning to their desks on Monday and looking ahead to the week’s $7.42 billion new issue slate, which will be dominated by big bond deals from New York City and Maryland.

A dearth of state paper bodes well for the sale, says state finance director Sandi Thompson.

Hurricane Irma’s financial impact on the U.S. Virgin Islands' government may be greater than that in Puerto Rico.

Volume in the primary municipal bond market is expected to climb to a more normal level of almost $7.5 billion.

Consumer credit increased by $18.5 billion in July to $3.753 trillion, the Federal Reserve reported Friday.