Markets

Municipal bonds on Wednesday added on to the gains made during Tuesday’s rally.

Texas service sector activity “accelerated sharply in May,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey.

About 4,699,500 online job postings appeared on leading internet job boards in May, a decrease of 51,000 from April, the Conference Board reported Wednesday.

First quarter GDP growth was revised down slightly to a 2.2% annual rate from the 2.3% pace in the advance estimate.

Private-sector employment increased by 178,000 in May, on a seasonally adjusted basis, ADP estimated Wednesday.

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.

Municipal bond investors reacted cautiously to the rally in Treasurys as they looked for confirmation that the new yield levels are here to stay.

Intercontinental Exchange agreed to buy TMC Bonds for $685 million in cash just eight days after IHS Markit's deal to buy Ipreo.

While volume will be under $4 billion, strong demand should continue as the muni market is sound technically and investors are flush with cash. Investors are feeling bullish.

Municipal bonds were trading stronger Tuesday, with yields falling as much as five basis points, according to the MBIS benchmark scale.