Markets

The elite university is selling $300 million of taxable debt this week.

Municipals were little changed on Friday after a market moved that took long yields up by as much as 15 basis points since mid-month.

The $1.13 billion competitive deal obtained Georgia's lowest combined interest rate ever, state officials said.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

Municipals were steady to weaker, with yields up by as much as three basis points on the long end Thursday.

The structure in which bonds are backed by a lease of city streets is being used in the Southern California cities of Torrance and West Covina.

Jobless claims grew, manufacturing expansion weakened and leading indicators grew less than last month.

Anu Rames of BNP Paribas Asset Management talks with Chip Barnett about “digital inequality" and the financing mechanisms available to investors to help close this "have and have not" gap in a post-pandemic world. (14 minutes)

The muni market steadied Wednesday as a strong dose of supply hit the screens.

State economists project Florida will lose $5.4 billion of general revenues over the next two years, partly from reduced sales and lack of tourism.