Markets

The five bankers will work in the firm's Chicago, Washington, D.C., and New York offices.

The market is prepping for $7.5 billion of new paper that is set to hit the market, as more than $50 billion in August redemptions free up cash to buy bonds.

This sultry summer week will get even hotter as about $7.5 billion of municipal bonds are on tap to be offered up to buyers. Deals will be coming for a variety of issuers across the country, ranging from high-quality to high-yield.

The Conference Board's Employment Trends Index (ETI) rose to 109.89 in July from a downwardly revised 108.72 in June.

Wells Fargo Securities announced the additions of Randy Campbell and Jim Perry to its public finance team, both jumping over from Morgan Stanley.

The judge said plaintiffs didn't allege Snyder knew about the dangers of the water in Flint River when he authorized the switch to using it.

The market was quiet on Friday ahead of a $7.5 billion new issue calendar as more than $50 billion in August redemptions frees up cash to buy bonds.

Municipal bond buyers will get to see a larger than average new issue slate.

The State Bond Commission approved a $10 million study on reviving tolls against a backdrop of revenue strain and regional dynamics.

The U.S. services sector expanded at a slower pace in July as the non-manufacturing index fell to 55.8 from 59.1 in June.