Markets

Municipal yields rose as much as four basis points on Wednesday, while new issues played the field.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.

Municipal bonds were steady to weaker as billions of dollars in new deals hit the screens Tuesday.

The $141 million deal from Equitable School Revolving Fund and being run by RBC Capital Markets consists of national charter school revolving loan fund revenue bonds.

Producer prices final demand exceeded expectations by two-times over, while small business optimism shrunk.

The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.

Now investors have hit the reset button on municipal credit expectations and the corresponding return in demand has been quite strong.

Members of the economic research department of the Federal Reserve Bank of San Francisco take a look at the relationship between the effective lower bound interest rates and inflation.

The competitive sale is scheduled for Aug. 19 with Stifel Nicolaus as financial advisor.