Markets

Trading was muted after last week’s bounty of bond sales, as the market looked ahead to this week’s larger deals, including a $920 million Illinois financing.

Bond volume in the region fell sharply in the first half of 2018, though one expert saw the 16% drop as better than anticipated.

A typical quiet summer Monday unfolded, with trading activity muted as the market reflected on last week’s bountiful volume and looked ahead with anticipation to some this week’s larger deals, including the $920 million Illinois financing, muni traders said.

The final rules will focus on debt obligations on a similar level as bonds, an effort to respond to comments that the first proposal was too broad.

As director of the Fed's Division of Research and Statistics, David Wilcox is responsible for briefing the Federal Open Market Committee on the outlook for the national economy.

Moody's lowered the South Carolina-owned public utility’s bond rating to A2, and its bank bond rating to A3.

The Lone Star state grabs the spotlight this week as Texas prepares to sell $7.2 billion of top-rated tax and revenue anticipation notes on Wednesday.

Municipal bond volume is running 18.1% lower than last year’s historic level, in line with analyst expectations given the enormous impact the new tax legislation has had on the market.

Texas headlines the week's slate as it prepares for a mammoth note sale while Massachusetts prepares large short-term sales of its own.

The State Bond Commission barred the banks from upcoming Garvee bond deals, and said its action may apply to other state bond issues.