Markets

The composite index of Leading Economic Indicators was up 0.4% in March following a revised 0.5% increase in February, first reported as a 0.6% gain, the Conference Board reported Thursday.

Municipal bond traders are set to see the biggest deal of the week hit the screens on Thursday – the state of California’s $1 billion-plus taxable bond offering.

The region's manufacturing sector expanded in April, but at a slower pace than in March,this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Initial claims for U.S. state unemployment benefits rose by 10,000 to 244,000 in the week ended April 15, slightly ahead of the 242,000 level analysts expected, data released by the Labor Department Thursday showed.

The majority of California redevelopment agencies rated by Fitch saw upgrades.

Top-quality municipal bonds finished mixed on Wednesday, traders said, as more supply slipped into the market.

The Federal Reserve's latest report of economic conditions Wednesday found all 12 regional Fed districts reporting their regional economies cruising along at a modest or moderate pace, with businesses remaining optimistic on growth in the face of continued policy uncertainty.

A judge delayed a hearing on the expenditure of California high-speed rail proceeds.

Top-quality municipal bonds were mixed at midday, traders said, as more supply slipped into the market. Traders were also watching yields, which have been trending downward.

After a day filled with new deals, the municipal bond market will see another session of supply on Wednesday with big offerings from Pennsylvania and Arizona on tap.