Markets

Private-sector employment increased by 183,000 in February, on a seasonally adjusted basis, ADP estimated Wednesday.

The municipal market had offerings for both retail and institutional investors, as new paper starting flowing into a supply-starved market.

A wide variety of projects would be eligible under the bill, including airports, ports, transit, and more.

Lower mortgage rates and more-affordable properties offered some relief for buyers.

The U.S. services sector expanded at a faster pace in February as the non-manufacturing index climbed to 59.7.

The municipal market is prepping to see $5.84 billion of new bonds, including the biggest deal of the year.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

With plans to grow and improve more than 5,400 miles of electrical transmission lines, the Lower Colorado River Authority will issue $369.7 million of revenue bonds.

The firm's new chief executive sees a wealth of assets, a positive employee culture, and great potential for growth.

The composite of the Leading Economic Index was revised to an unchanged level in January.