Markets

The Peach State hit the municipal market with a bevy of bond sales on Wednesday.

ICE Data Services launched its ICE US Broad Municipal Index, which tracks the performance of over 58,000 investment-grade tax-exempt munis.

S&P upgraded the city's Lambert International Airport ahead of the sale that was the subject of a tussle between city leaders.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.

The municipal bond market went back to school on Tuesday as the Federal Reserve met in Washington.

Citing new uncertainties surrounding revenue credits, Moody's downgraded the Illinois State Toll Highway Authority ahead of a $300 million deal.

While the markets are pricing in two or three interest rate cuts this year, doubters remain.

The Federal Open Market Committee is meeting this week and the muni market is looking for rate cut signals.

The junk-rated district's latest cash flow issue was nearly eight times oversubscribed as it trimmed rates substantially from previous sales.

Traders are now pricing in a more than 80% chance of a rate cut in July.