Markets

Puerto Rico’s June economic activity declined 0.5% compared to May and 2.1% compared to a year earlier.

Top quality municipal bonds finished mixed on Monday, according to traders as the first of the week’s big new issues came to market out of the Midwest.

Consumer credit increased by $12.4 billion in June to $3.856 trillion, the Federal Reserve reported Monday.

Municipal bond buyers are heading off to Chicago this week to attend the Windy City’s annual investor conference.

On a quiet Monday where there is only one deal pricing for retail investors, municipals were mixed although some maturities on the long end were as much as one basis point higher, according to traders.

The gain in ETI was driven by positive contributions from all eight components.

The municipal bond market is gearing up for about $7.3 billion of new supply this week, with $2.51 of that coming from two issuers.

The agency said it can wind down the project; lawmakers to weigh prohibiting rate increases.

Primary municipal bond market volume is expected to inch up to $7.3 billion, as analysts expect the muni market to stay on a path of suppressed supply and deep demand.

Newly issued Treasury securities held in stripped form increased about $1.494 billion in July to a total of $251.081 billion, the Bureau of the Public Debt reported Friday.