Markets

The deal received $3 billion in orders, allowing the finance team to trim yields.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.96 from 3.99% the week before.

Municipal bonds remained stronger on Thursday as deals from Indianapolis and California issuers came to market.

Federal transportation officials authorized another $950 million in private activity bonds for Brightline, also known as Virgin Trains USA.

The new amendments would increase transparency and equal access to information, the MSRB said.

NABL suggested expanding private activity bonds to a new category for public roads, tunnels, and bridges.

After decades of managing risk for investment clients in volatile markets, Thornburg managing director Chris Ryon is preparing to retire at the end of the year.

The composite of the Leading Economic Index was up 0.2% in February following a revised unchanged level in January, the Conference Board said Thursday.

The level of initial claims fell by 9,000 to 221,000 in the March 16 week, below expectations for a 225,000 reading.

Manufacturers report activity “improved” in March.