Markets

The termination of a casino revenue-sharing agreement with the Seneca Nation of Indians is a credit negative for Niagara Falls, according to Moody’s Investors Service.

Municipal bonds remained stronger at mid-session, after the March employment report came in weaker than expected and ahead of next week’s new issue calendar.

The value of wholesale inventories rose 0.4% in February, in line with the Commerce Department's advance estimate, while wholesale sales gained 0.6%, a Friday report showed.

Municipal bonds strengthened in early activity, traders said, after the March employment report came in weaker than expected.

U.S. inflationary pressures were down in March, as the U.S. future inflation gauge decreased to 113.2 from a 113.5 reading in February, according to data released Friday morning by the Economic Cycle Research Institute.

March payrolls came in well below expectations, while the unemployment rate fell below what most policymakers consider full employment. Weather likely played a role pulling down retail employment again last month.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose one basis point to 4.23% from the previous week's 4.22%.

Municipal bonds ended stronger on Thursday as the last big deals of the week hit the muni market, led by the institutional pricings of the large Massachusetts and California offerings.

KeyBanc Capital Markets added to its fixed income team with the addition of Chris O’Neil and Jeffrey Tucker to the securitized products sale team.

Newly issued Treasury securities held in stripped form increased about $85 million in March to a total of $241.146 billion, the Bureau of the Public Debt reported Monday.