Markets

Three rulings by the U.S. Supreme Court this term will have a lasting impact on the finances of many municipal bond issuers, Fiera Capital says.

Some Puerto Rico issues were trading lower on Monday after a federal watchdog approved a revised budget for the commonwealth over the weekend.

Construction spending increased 0.4% in May, the Commerce Department said Monday, and is 4.5% above the May 2017 level.

According to the ISM's monthly report on business, the ISM index increased to 60.2 in June from 58.7 in May.

The municipal market will see only $74 million of deals in a holiday-shortened week, raising demand for supply the week after.

Moody's calls Minnesota's pension reforms a positive for the state and its local governments.

After a bumpy but overall successful launch of markup disclosure, the muni industry looks ahead to regulatory scrutiny and finding ways to use the new data.

Municipal bond issuance reached $30 billion for the third straight month, as the market prepares for what is expected to be a slow summer.

Ipreo estimates weekly bond volume at $73.8 million, consisting only of competitive sales and no negotiated deals.

The University of Michigan's final June consumer sentiment index reading was 98.2.