Markets

Bank of America Merrill Lynch has revised its forecast for yearly municipal bond volume down to $365 billion.

Texas factory activity growth, as measured by the production index, “continued in June, albeit at a slower pace than in May,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

New single-family home sales rose by 6.7% to a 689,000 annual rate in May, led solely by a sharp increase in sales in the large South region.

The Chicago Fed National Activity Index for May decreased to negative 0.15 from an upwardly revised positive 0.42 in April.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

Municipal buyers expect the city of Los Angeles to hit the market running as it plans to competitively sell almost $1.9 billion of notes and bonds.

The condition of Florida’s economy and finances led Moody's to upgrade the state to Aaa.

Municipal buyers will see a $5.3 billion new issue calendar next week, with the biggest deals coming out of Los Angeles.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.00% the week before.

Cash flow pressures drove a downgrade of Stockton University as the New Jersey public college prepares to open an Atlantic City campus.