Markets

The Kentucky county’s BB general obligation bond rating was withdrawn less than a month after S&P Global Ratings downgraded the bonds seven notches.

Revised criteria for not-for-profit hospitals combined with insurance-related losses to result in a downgrade for New York State’s largest healthcare provider.

Municipal bonds continued to show weakness at midday as the last of the week's larger deals were selling.

Initial claims U.S. state unemployment benefits fell by 1,000 to 222,000 in the June 2 week, the lowest level in a month.

The county plans to sell $315 million of bonds this summer for a new jail.

Puerto Rico bonds traded up after reports of a settlement among bondholders; the broader municipal bond market turned mostly weaker.

Diverging economies and operating predictability shape the differences between the New England neighbors, said S&P.

The plan would raise power costs, but analysts say municipal utilities and energy cooperatives can absorb the increases or pass them on to customers.

Municipal bonds were mixed with some Puerto Rico issues trading higher as the primary saw a bevy of new deals hit the screens.

First quarter nonfarm productivity was revised down to a 0.4% gain, while unit labor cost growth was revised up to a 2.9% pace, the strongest in a year.