Markets

Municipals were stronger in quiet activity on Monday as the market looks ahead to new competitive sales.

New York's Metropolitan Transportation Authority intends to sell roughly $1.25 billion in bonds and notes this week as debate simmers over its funding sources.

Texas factory activity growth, as measured by the production index, “continued to expand in January.”

The Chicago Fed National Activity Index for December rose to 0.27 from a downwardly revised 0.21 in November.

Another week of sub-average issuance lies ahead for the muni market.

Beloit College's rating was cut to junk last year, and the restructuring is designed to ease debt covenant strains.

The municipal bond market will feel like it’s still on vacation next week as supply hovers around holiday week type levels.

The December Chicago Business Barometer was revised down to 63.8 from 65.4 previously, following the annual seasonal adjustments.

Recent upheaval in senior management at Michigan State University won’t impact the timeline to sell bonds to fund sex-abuse settlements.

In the week ended Jan. 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.11% from 4.09% last week.