Markets

Atlanta’s $226.2 million water and wastewater refunding deal received $634.7 million in orders.

Municipal bonds were weaker at mid-session, according to traders, as the last big sale of the week came to market.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region “expanded at a slower pace with solid expectations for future activity” in April, according to the bank's monthly manufacturing survey, released Thursday.

Pending home sales decreased 0.8% to an index reading of 111.4 in March, after an unrevised 5.5% rise to 112.3 in February, according to a report released Wednesday by the National Association of Realtors.

The action in the primary market is set to slow after an action packed day on Wednesday that featured six deals greater than $100 million.

The value of durable goods new orders rose 0.7% in March, considerably below the expected 1.5%, but were down 0.2% excluding transportation after five consecutive drops, data released by the Commerce Department Thursday showed.

Initial claims for U.S. state unemployment benefits saw an unexpected 14,000 rise to 257,000, 12,000 higher than the 245,000 analysts expected, data released by the Labor Department Thursday showed.

The municipal market absorbed a barrage of issuance on Wednesday, as the Port Authority of New York and New Jersey and the Los Angeles Department of Water and Power came with large deals.

Florida Gov. Rick Scott asked Ben Watkins to help convince the Legislature that tourism funding supports state and local ratings.

Municipal bonds continued to show weakness on Wednesday as big bond offerings from the Port Authority of New York and New Jersey and the Los Angeles Department of Water and Power hit the market.