Markets

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

Existing home sales fell 0.6% to a seasonally adjusted 5.38 million-unit rate in June.

The Chicago Fed National Activity Index for June reversed to positive 0.43 from a downwardly revised negative 0.45 in May.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

Public-purpose need has become an important marker for green bond deals as the market evolves.

Municipal bond volume will dip to a more average 2018 level next week.

MSRB is seeking comments on a revised set of potential draft amendments to its rules on primary offering practices and related disclosures that it says would benefit the market for relatively limited costs to participants.