Markets

Consumer credit increased by $20.1 billion in August to $3.935 trillion, the Federal Reserve reported Friday.

The Clark Public Utilities District says improvements are needed for future customer growth.

The District of Columbia Housing Finance Agency priced $74.5 million of tax-exempt bonds.

Municipal bond supply drops off sharply next week with $4.4 billion of volume estimated to hit the screens.

The U.S. international trade gap widened to $53.2 billion in August from $50.0 billion in July.

U.S. hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year low.

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 4.15%.

Issuance was light as the municipal bond market got hammered by jumping Treasury yields.

After three quarters, only Morgan Stanley and Jefferies have increased par amount underwritten from last year.

GASB is accepting comments through Nov. 2 on its proposal to clarify the definition of a conduit debt obligation.