Markets

The Treasury Department Wednesday auctioned $13 billion of two-year floating rate notes with a high discount margin of 0.050%, at a 0.070% spread, a price of 100.038573.

April existing home sales lagged expectations slightly after the March 10-year high, and the tight supply of houses is still generating "frenzied" buying activity in many areas, bidding prices up, the National Association of Realtors reported Wednesday.

Municipal bonds were unchanged at mid-session as traders on Wednesday as traders look to see several deals of size coming from the Golden State hit the screens, topped by a California green bond sale.

The advantages of the private partnership structure in today’s municipal market.

A Connecticut town is enhancing its disclosure practices through new technology.

Connecticut Gov. Dannel Malloy released a framework to reshape contracts with state employee unions.

The number of U.S. building permits issued in April was unrevised at a decrease of 2.5% to a 1.228 million unit annual rate, the Commerce Department's Bureau of the Census said Wednesday.

Municipal bond traders on Wednesday will be looking at the direction of yields, which has been trending lower in the past few sessions. The market will see several deals of size coming from the Golden State hit the screens, topped by a California green bond sale.

On a 6-3 vote, the Dallas School Board accepted a bond agreement from PNC Bank to fund a new school to replace Dallas Elementary at a cost not to exceed $39.5 million.

The Aurora City Council is set to vote on a $16.5 million bond issue to pay for capital projects during the next four years.