Markets

June, July, and August are projected to set a new record for redemption season, generating more than $100 billion of proceeds from called and maturing bonds.

Municipal bonds were stronger at mid-session as traders looking to a holiday-lite new issue slate.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.960% high rate, up from 0.920% the prior week, and the six-months incurred a 1.060% high rate, up from 1.050% the week before.

The Bond Buyer presents a special Memorial Day podcast with three U.S. military veterans who are now working in munis. Matthew Murawski of Drexel Hamilton, Steve Kay of Academy Securities, and Jonathan Herrick of Mischler Financial Group talk about their lives and careers, their introduction into the world of public finance and their advice for service men and women looking to enter municipal finance field. Hosted by Chip Barnett.

The Conference Board Consumer Confidence Index®, which had decreased in April, declined slightly in May.

Municipal bond traders are returning to work on Tuesday and will be looking at a holiday-lite new issue slate while eyeing declining bond yields. Markets were closed early on Friday and were closed all day Monday for the Memorial Day holiday.

WASHINGTON (MNI) - Personal income rose 0.4% in April, while nominal PCE was up 0.4%, and the core PCE price index rose 0.2%, data released by the Commerce Department Tuesday morning showed.

Municipal supply is set to drop to less than $5 billion after the long weekend as the market struggles with a lack of supply.

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

U.S. consumer sentiment holding near post-election highs reflects an improved outlook on wages and indicates spending is poised to rebound, though a partisan gap persists, University of Michigan survey data showed Friday.