Markets

Inflation took a step back, according to the Federal Reserve’s favorite indicator, while income edged up in March, ahead of this week’s Federal Open Market Committee meeting, suggesting the Fed will be able to remain patient on rates.

The municipal bond industry veteran, formerly of PNC and Janney, will head municipal strategy and credit at Hilltop.

Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.

The Miami-Dade County Expressway Authority’s bond rating is being pressured by pending legislation usurping the agency’s power, Moody's says.

The next five weeks will determine the fate of first-year governor J.B. Pritzker's proposals for the fiscally troubled state.

U.S. consumer sentiment fell less than initially reported in April.

Gross domestic product expanded at a 3.2% annualized rate in the January-March period, according to the Commerce Department.

In the week ended April 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.89% the previous week.

Municipal bond buyers saw the last of the week’s new issues come to market on Thursday with action dominated by several large California water issuers.

Just when we thought levels could not go lower, here we are just a few basis points off the March lows in yield.