Markets

Weekly volume is expected to exceed $8 billion again, with most of the bigger deals related to education.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased six basis points to 4.25% from 4.31% for the week ended March 12.

Bel Air Investment Advisors LLC opens, a Los Angeles-area firm that manages $7 billion in assets including many munis, opened a San Francisco office as part of a larger expansion plan.

Fitch Ratings last year had more positive ratings than negative ones in United States public finance for the first time since 2008.

A federal ruling against states may set a precedent for risky local spending on broadband, credit analysts said.

Municipal volume is expected to exceed $8 billion for a 10th straight week, led by a rare issue from Honolulu.

Tax revenue in the top oil producing states has fallen sharply, dropping by 40% in Texas, according to the U.S. Energy Information Administration.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points to 4.31% from 4.27% for the week ended March 5.

Dorothy Thomas at Regions Investment Management is keeping duration short, with low exposure to the long end of the curve, a focus on high-quality securities, and building cash flow.

Florida Gulf Coast University's credit outlook stabilized Monday when two rating agencies found that recent modifications to the terms of a direct bank loan lessened the institution's contingent risk.