Markets

The municipal market is set to see a bump in new supply next week, something that market participants have been craving.

The Iowa fertilizer project used more than $1 billion of private-activity borrowing.

Puerto Rico got positive revenue and economic news for March.

Virginia’s budget imbalance stemming from soft revenue growth and spending down its savings led S&P Global Ratings to revise the outlook to negative on the state’s AAA general obligation rating.

YAKIMA, Wash. -- The city of Yakima's bond rating was recently downgraded due to what experts say is a weaker economy and less financial flexibility. But city officials aren't too concerned.

Municipal bonds were unchanged at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. Ipreo estimates volume at $8.26 billion, up from a revised total of $5.94 billion this week, according to updated data from Thomson Reuters.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP increased their leads in the municipal bond insurance and bond counsel rankings in the first quarter, as political uncertainty and higher interest rates cut into the volume of transactions.

The rating pains of Illinois' public universities took a turn for the worse.

Existing home sales gained 4.4% to a seasonally adjusted 5.71 million-unit rate in March from a revised 3.9% decline to 5.47 million sales pace the previous month, the National Association of Realtors announced Friday.

S&P Global Ratings said it has revised its outlook on Virginia's general obligation, appropriation-backed, and moral obligation debt to negative from stable.