Markets

Weathering headwinds from the pandemic and energy industry turmoil, the Oklahoma Department of Transportation will price $193 million for highway projects.

Finance commissioner Jacques Jiha will succeed Hartzog, Mayor Bill de Blasio announced.

Detroit's spreads widened from last deal in 2018 but interest rates were lower thanks to overall bond market conditions.

The market will digest the once-again largest amount of new issues in 2020, including some higher-grade state GOs that have been quiet of late. Some participants said a back-up in rates could occur after a mostly quiet week.

The economic news Friday was mostly positive, with consumers spending on clothes, cars and eating out, while manufacturing continues to suffer.

Pricing was delayed for a $3.2 billion municipal bond deal to finance a passenger railroad between southern California and Las Vegas.

Municipals were a bit stronger on the long end Thursday as action heated up in the primary.

The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.

Initial jobless claims rose in the latest week, while the Empire State manufacturing index slipped, and the Philadelphia Fed's rose.

The state is easing a strict quarantine requirement that has left its all-important tourism industry with very few tourists.