Markets

Advisory firm Umbaugh named Marvin Founds as its first director of Ohio education finance.

MetroHealth's ratings tumbled three notches to reflect its sizable new debt load.

Municipals were weaker at mid-session, traders said, as activity in the primary sector got underway. Several large deals kicked off the action, with offerings from issuers in Kentucky, Texas and Wisconsin leading the way.

PICKENS, S.C. -- The new Pickens County Council voted Monday to undo two notable stands by the previous council.

Activity in the municipal bond primary sector will get underway on Tuesday with offerings from Wisconsin and Kentucky on tap. Traders will be keeping an eagle eye on yields, which have been rising.

“New York City purchasing managers demonstrated a small but directional shift in perspective in April,” the Institute for Supply Management-New York’s Report on Business index, released Tuesday, indicated.

Lawrence, Kan., introduced a new investor website to broaden the appeal of the college town's debt.

Municipal bonds finished weaker on Monday, traders said, as the market faces a moderately sized new issue calendar, which features some big offerings from various issuers.

Wisconsin heads into the market over the next week with nearly $1 billion of debt in three deals.

Against a backdrop of a scolding from the state auditor for “using misleading budgeting practices” the Regents of the University of California is set to bring volume to a market that is starving for new issuance.