Markets

Municipal bonds were trading stronger at midday as the Hudson Yards deal hit the municipal bond market on Tuesday along with a host of other sales.

The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.145% high yield, a price of 98.842278.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.735% high yield, a price of 99.924833.

The pace of new single-family home sales dropped to a lower-than-expected 569,000 seasonally adjusted annual rate in April from March's near 10-year high, but followed upward revisions to the sales pace in each of the previous three months, data released by the Commerce Department Tuesday showed.

The Hudson Yards deal is set to hit the municipal bond market on Tuesday as the week’s primary market heats up.

Illinois faces swap terminations and higher floating-rate costs if its ratings sink much further.

In the face of changes to health laws, nonprofit hospitals should focus on risk management, Moody's says.

Municipal bonds finished stronger on Monday as the Hudson Yards deal was offered to retail buyers for a second day.

Moody's Investors Service has upgraded the St. Louis Art Museum's (MO) (SLAM) Issuer Rating to Aa2, reflecting excellent fiscal management contributing to superior cash flow and reserve growth.

Key Texas lawmakers agreed on a formula to extend the Dallas police and fire pension fund’s life.