Markets

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

The Ohio-based operator is acquiring the operations of HCR ManorCare.

The upgrade comes ahead of a $619 million bond sale.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

U.S. purchases of new homes fell in June to the slowest pace in eight months.

The plan for a second tax reform bill is galvanizing municipal market groups to step up lobbying efforts to tout the importance and benefits of munis to lawmakers on Capitol Hill.

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

The California Academy of Sciences refinanced debt used to build its facility.

Banker David Schott has joined Stern Brothers' New York office.

Wayne County plans to issue the debt, secured with a state intercept, though the Michigan Finance Authority.