Markets

Energy Northwest is preparing to price $592 million of revenue and refunding bonds.

Municipal bonds were trading stronger at mid-session as the largest deal of the week hit the municipal bond market.

The largest deal of the week hit the municipal bond market early on Thursday with the institutional pricing of Massachusetts’ general obligation bond offering.

Initial claims for U.S. state unemployment benefits fell by 25,000 to a five-week low of 234,000 in the week ended April 1, well below the 250,000 level analysts expected, data released by the Labor Department Thursday showed.

Moody’s Investors Service downgraded $13 billion in Puerto Rico bonds on Wednesday, citing increasing pessimism about recoveries on the bonds.

A federal appeals court upheld a stay on debt-related lawsuits in a key Puerto Rico lawsuit, reversing a lower court decision.

Municipal bonds ended stronger on Wednesday as large deals from issuers in New Jersey and California hit the market.

Wayne County, Mich.’s fiscal chief who played a central role in its financial recovery is leaving to launch a private equity and turnaround firm.

Midwestern voters loosened their purse strings to approve Kansas City, Missouri’s $800 million infrastructure referendum but held fast against St. Louis’ public financing request for a new soccer stadium.

East Texas Medical Center, one of the largest healthcare providers in the region, slipped two notches to B3 from B1 on the Moody's Investors Service as prospects for default.