Markets

Municipal bond activity returns to a near-normal level as a slew of deals heads into the market, led by New York and California issuers.

American Municipal Power is planning a $97 million tax-exempt project revenue bond sale.

Working under three elected comptrollers for 12 years, she was a stabilizing presence behind the scenes.

Ipreo estimates weekly bond volume at $6.6 billion, consisting of $5.5 billion of negotiated deals and $1.2 billion of competitive sales.

The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.

U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market is still absorbing spare capacity.

In the week ended July 5, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index dipped to 3.97% from 3.98% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipals remained stronger into the close on Thursday as the minutes from the last Federal Reserve meeting were released.

Carol Kostik, the senior among eight deputies, has worked for three city comptrollers and managed the issuance of more than $110 billion of debt .

CDFA said it is surveying local, state and multi-jurisdictional issuers about private activity bond fees in conduit transactions.