Markets

Coast to coast, issuers will sell billions of taxable bonds in a volatile market.

St. Louis-based Ascension Health Alliance will price up to $856 million through the Wisconsin Health and Educational Facilities Authority.

Rampant issuance continues with $12.4 billion, heavy on taxable deals. Meanwhile, the end of this volatile week had the secondary getting whacked with AAA benchmarks showing big cuts.

With talk of a possible mini deal on trade with China and the Federal Reserve announcing it will buy about $60 billion of Treasury bills each month to build its reserves, the 10-year Treasury note was yielding more than three-month bills on Friday for the first time since July.

The authority is bringing $950 million of taxable bonds and $1.7 billion of tax-exempts.

Moody's says the adoption of an on-time budget along with audited financials are positive developments.

Issuers from New York, Florida and Nebraska offered buyers notes, bonds and taxable deals.

Fitch raised the airport's rating by one notch to A, citing rising traffic levels and robust financial metrics.

Part of the problem could be “the apparent failure of mainstream economic models to capture fully the current reality.”

Moody's Investors Service cut OSF Healthcare System to A3 from A2.