Markets

The Chicago Fed National Activity Index rose to 0.34 in April from a revised 0.32 in March, the Federal Reserve Bank of Chicago reported on Monday.

Municipal volume will sink to $6.36 billion, with the California issuer responsible for a third of the week’s paper.

S&P Global Ratings said the Bluegrass state has become more vulnerable to fiscal stress.

The decline in the unemployment rate is mostly due to emigration, a challenge as the territory restructures its debt.

The district priced debt Thursday at narrower spreads than it faced in a November sale.

Facing a May 31 deadline to issue the $1.15 billion of PABs, All Aboard Florida asked the federal transportation agency for extra time to sell the debt.

S&P placed MSU on CreditWatch with negative implications, citing a lack of clarity on how the settlement will be paid for.

Municipal bond volume slips back down to a more average level next week, after the market saw the biggest slate of the year hit the screens this week.

As Infrastructure Week ends, it’s sad to note that in the one area where all agree something must be done, there has been no progress.

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