Markets

A state appeals court ordered Harvey, Illinois to levy a property tax to boost the nearly insolvent firefighters' fund.

Top-quality municipal bonds were stronger at mid-session as the market is seeing the lion’s share of issuance hit the screens, led by California’s $2.5 billion general obligation bond deal and the Greater Orlando Aviation Authority’s revenue bond offering.

Texas service sector activity “continued to reflect expansion in August, albeit at a slightly slower pace,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slid to 14.2 from 15.7.

The consumer confidence index increased to 122.9 in August from a revised 120.0 last month, The Conference Board reported Tuesday.

Maria Doulis of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management discuss New York City's finances, transportation issues and its relationship with NY State. Hosted by Paul Burton.

The municipal bond market will see the lion’s share of issuance hit the screens on Tuesday, led by California’s $2.5 billion general obligation bond deal and the Greater Orlando Aviation Authority’s revenue bond sale.

Home prices rose 5.8% on an annual basis in June, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

Narrowing liquidity and elevated liabilities led to the one-notch downgrade and a negative outlook.

Top-rated municipal bonds finished unchanged on Monday, according to traders, as California’s $2.5 billion general obligation bond deal was priced for retail investors.

A full assessment of Hurricane Harvey's impact to municipal credits remains weeks away as Houston and southeast Texas continue battling high waters.