Markets

The county plans to price $344 million of limited obligation refunding warrants, with a new 1% local sales tax supporting debt service.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were seeing another wave of supply hit the market.

Labor market “activity decreased and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) dropped to 0.33 in June from 0.50 in May, according to the Bank.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

Municipal bond traders on Wednesday are expecting another wave of supply to hit the market, with large deals coming from a New York and New Jersey issuer.

The New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day with the bonds being priced for institutions on Tuesday.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

Fitch Ratings lowered the Sooner State to AA from AA-plus.

The pricing on the New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day as top-quality municipal bonds turned mixed on Tuesday.