Markets

The March import price data were up 0.6%, above expectations for a 0.4% gain.

In the week ended April 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.88% the previous week.

All eyes were on the enormous California offering. PREPA bonds have risen this month as investors anticipate a deal to restructure its debt is gaining support.

A planned new medical center for New Jersey’s Inspira Health Network on track for completion late this year drove a two-notch upgrade.

Mayor-elect Lori Lightfoot opted not to try to block votes on controversial subsidies that could top $2 billion for two economic development projects.

Peter Block addresses the latest trends, developments, and expectations for the municipal market in 2019 and beyond in The Bond Buyer’s latest podcast with the managing director of credit and strategy at Ramirez & Co. John Hallacy and Christine Albano host.

The March producer price index data were above expectations, raising the year/year headline rate slightly.

Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing.

Retail investors got first shot at California’s $2 billion GO deal Wednesday.

Lori Lightfoot picked Jeffrey Bethke to help address the city's pension and budget demands when she takes the helm next month.