Markets

The Treasury Department Wednesday auctioned $13 billion of one year 11-month floating rate notes with a high discount margin of 0.060%, at a 0.060% spread, a price of 99.999848.

Regional bond issuance slipped by 31% in the first half and volume was down sharply in Florida.

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.

The pace of new single-family home sales plunged by 9.4% to a much weaker-than-expected 571,000 seasonally adjusted annual rate in July, following upward revisions to the sales pace in the previous three months, data released by the Commerce Department Wednesday showed.

The municipal bond market is prepped to see some supply hit the screens on Wednesday, led off by issuers in Indiana and Florida.

PAB allocation procedures differ among states; IRS only tracks these bonds on a per project basis.

Top-shelf municipal bonds ended unchanged on Tuesday as eight separate groups won portions of the big Texas note deal.

S&P cited benefits such a borrowing would offer Illinois.

The district faces growing enrollment amid shrinking financial support.

Refunding deals were down substantially and new money volume also slipped.