Markets

Municipal bond market participants are looking ahead to next week’s new issue slate, which is dominated by a big California healthcare issuer – bringing both corporate and tax-exempt debt.

S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) three notches to 'B' from 'BB' on Northeastern Illinois University Board of Trustees' outstanding university facilities system (UFS) and certificates of participation (COPS) bonds, issued for Northeastern Illinois University (NEIU).

S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) three notches to 'BB' from 'BBB' on Southern Illinois University Board of Trustees' housing and auxiliary facilities system (HAFS) revenue bonds and certificates of participation (COPs), issued for Southern Illinois University (SIU), and placed the ratings on CreditWatch with negative implications.

S&P Global Ratings has affirmed and placed on CreditWatch with negative implications its 'A' long-term rating on Illinois State University Board of Trustees' series 2016 auxiliary facilities system (AFS) revenue bonds.

S&P Global Ratings has affirmed and placed on CreditWatch with negative implications its 'A' long-term rating on Illinois State University Board of Trustees' series 2016 auxiliary facilities system (AFS) revenue bonds. In addition, we affirmed our 'A' long-term rating and underlying rating (SPUR) on existing bonds and certificates of participation (COPs), issued on behalf of Illinois State University (ISU).

California’s big bond offering came to market on Thursday and was well received by buyers, according to traders. In secondary activity, municipal bonds finished weaker.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell three basis points to 4.15% from the previous week's 4.18%.

A study criticized California spending on charter schools.

California’s big taxable bond offering hit the market on Thursday as municipal bonds weakened in secondary trading.

Are the markets are too focused on legislation being proposed by President Donald Trump and not enough on the strengthening U.S. Economy? Ronald Temple from Lazard Asset Management makes the case, as well as discusses the situation in China and Europe, and the coming cycle of rising inflation and interest rates. Hosted by Chip Barnett.