Markets

The Indiana's school bond intercept program's AA-plus rating was affirmed after legislative tweaks.

RBC Capital Markets hired David Utz, formerly of Goldman Sachs, as its managing director and head of its U.S. infrastructure team.

Illinois and its local governments will all suffer if the state is downgraded again, Nuveen warns.

Municipal bonds were stronger at mid-session, according to traders, as Morgan Stanley priced the Los Angeles Unified School District’s $1.08 billion of general obligation bonds.

Hartford, Conn.’s latest downgrade shows Connecticut must help the city avert bankruptcy, said Mayor Luke Bronin.

Industrial production grew 1.0% in April, the Federal Reserve reported Tuesday.

After a busier than usual Monday that featured one institutional pricing, as well as a premarketing and a retail order period, municipal market participants are waiting for more action Tuesday.

The pace of housing starts fell by 2.6% to a 1.172 million seasonally adjusted annual rate in April, well below expectations for a rebound to a 1.260 million pace, data reported by the Commerce Department Tuesday morning showed.

The New York region's service sector activity "expanded modestly," according to the Federal Reserve Bank of New York's May Business Leaders Survey, released Tuesday.

MetroHealth's low-investment-grade deal received plenty of orders with attractive yields offered.