Markets

The federal government ran a $119.1 billion surplus in September, the Treasury Department reported Thursday.

The Virginia Public School Authority will sell the first bonds since the state put up new dedicated websites for investors to access information.

Deals from two New York issuers were offered to retail buyers on Monday as a supply-heavy week began.

The value of business inventories in August were up 0.5%, slightly below the 0.6% increase expected by analysts.

With almost $11 billion of municipal bond volume heading their way, investors will be in the catbird seat as a wide array of issuers, credits and ratings come to market.

U.S. retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts that may reflect the impact of Hurricane Florence.

Selling prices remained elevated, while business activity expanded at a faster pace in October.

The price of the territory's debt has more than doubled this year.

The municipal bond market is set for almost $11 billion of new supply.

Added debt drove one-notch downgrade but long-term benefits seen.