Markets

The value of new factory orders fell by 3.3% in July, falling slightly lower than the expected -3.1% by analysts from an MNI survey.

“New York City purchasing managers reported decreased current business conditions,” the Institute for Supply Management-New York’s Report on Business index indicated.

Consolidation and technology are among the changes navigated by the Baggotts of Executive Search Placements.

Municipal bond traders were returning to their desks on Tuesday and looking ahead to the week’s lighter-than-average holiday week calendar, with volume estimated at $3.86 billion.

Volume in the primary municipal bond market is expected to decline to fewer than $4 billion of bonds issued, a typical slowdown following a holiday weekend.

The signing of Illinois Senate Bill 1947 alleviates the uncertainty for schools created by the multiyear state budget stalemate and recent veto, Standard & Poor’s said.

The UT system will offer investors a choice of taxable or tax-exempt debt as it prices $600 million of bonds.

Municipalities object to a report by Gov. Dannel Malloy's budget office that defends the level of state aid.

Posey County, Ind., agreed to give a developer tax increment revenues to repay its bonds.

Top-shelf municipal bonds were stronger in late morning activity, according to traders, who are looking ahead to next week’s holiday-light calendar. Ipreo estimates total bond volume for next week at $3.86 billion.