Markets

The plan to cover shortfalls for the city's new arena with bonds of $45 million and more bonds for the parking garage at Plant Riverside are on the city's agenda for first readings Thursday, Aug. 15.

The fixed-rate bonds refund more than 50% of the Indianapolis Airport Authority’s floating rate bonds and terminate associated interest rate swaps.

The municipal bond market received a variety of data Thursday suggesting economic strength belying the recession forecast by the 2/10-year Treasury yield curve inversion on Wednesday.

Municipal bonds continued their rally on Wednesday, and pushed tax-free yields to their lowest levels ever.

Deals from Texas and Virginia led the slate of new issues that hit the market on Tuesday.

MarketAxess Holdings will buy LiquidityEdge for $150 million.

While the consumer price index climbed 0.3% in July, as did the core rate, the broad-based increases are unlikely to continue, according to analysts.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

The deal will end the family owned Baum's 91-year run in the municipal bond business.

Southwest Airlines' decision to enter the Hawaii market helped spur a positive outlook from Moody's.