Markets

The long-awaited American Dream bond deal for the megamall project in the New Jersey Meadowlands came to market on Wednesday. Municipas finished unchanged, according to traders.

The long-awaited bond deal for the American Dream mall project in New Jersey came to market on Wednesday and the New York City Transitional Finance Authority’s offering was priced for institutional investors. In secondary activity, municipal bonds were unchanged at mid-session.

Existing home sales gained 1.1% to a seasonally adjusted 5.62 million-unit rate in May from a revised 2.5% decline to a 5.56 million sales pace the previous month, the National Association of Realtors announced Wednesday.

Municipal bond traders are girding for more volume on Wednesday, with the institutional pricing of the New York City Transitional Finance Authority deal leading the pack.

Detroit approved $34.5 million in borrowing to finance the Detroit Pistons' move back to the city.

Municipal bonds ended steady on Tuesday as billions of dollars in new supply hit traders' screens, led by competitive bond deals from the states of Georgia and Massachusetts and Chicago's O'Hare airport.

Puerto Rico’s employment indicators were mixed in May compared to April and to May 2016.

San Francisco's largest-ever COP sale funds an expansion of the city's convention center.

The municipal bond market saw billions in new supply hit the screens on Tuesday, led by big competitive bond deals from the states of Georgia and Massachusetts and a competitive note sale from a New York issuer. Municipal bond prices were steady in quiet trading at mid-session.

S&P Global Ratings has placed its AA-plus general obligation (GO) rating, AA appropriation rating, and A-plus moral obligation rating on the state of Alaska's debt on CreditWatch with negative implications.