Markets

Fitch Ratings affirmed its A-minus rating and positive outlook for toll revenue bonds issued for the South Bay Expressway.

Two researchers found the Securities and Exchange Commission and Municipal Securities Rulemaking Board had different data on municipal advisor registrants with a number of MAs failing to update SEC filings.

The week's primary activity got off to a mixed start as the NYC TFA rounded up more retail orders on its big sale.

The city's Public Utilities Commission is embarking on a $2.9 billion sewer upgrade plan.

Moody's Investors Service affirmed the state’s ratings and revised its outlook to stable from negative.

Municipal bond buyers are patiently awaiting sizable new issues to set the tone for the rest of the week.

The value of business inventories in May was up 0.4%, as expected by analysts.

U.S. retail sales rose for a fifth month in June and figures from May were revised upward.

Selling prices continued to rise moderately, while business activity expanded almost as briskly as in June, the Empire State Manufacturing Survey suggested.

Kalotay faults the Municipal Securities Rulemaking Board and U.S. Securities and Exchange Commission for not requiring training in options-based analytics as part of their certification of municipal advisor representatives.