Markets

The commonwealth expects to come to market Wednesday with a competitive issuance.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

Municipal bonds turned weaker on Tuesday as a wave of deals swept into the market.

The value of business inventories in March was roughly unchanged, below the 0.1% gain expected by analysts.

Builders’ confidence in the market for new single-family homes grew again as the National Association of Home Builders' housing market index climbed to 70 in May from a downwardly revised 68 in April, first reported as 69.

U.S. retail sales rose for a second month in April in broad fashion as bigger after-tax paychecks helped compensate for rising fuel costs, signaling consumer demand was off to a good start this quarter.

Prices paid remain elevated, while business activity improved, the Empire State Manufacturing Survey, released Monday by the Federal Reserve Bank of New York, suggested.

Healthcare giant Catholic Health Initiatives now has a stable outlook on its Baa1 rating from Moody's Investors Service.

Raising its $15 million borrowing cap on local projects would smooth Minneapolis' borrowing process on more expensive projects.

Municipal bonds were mixed on Monday as buyers awaited the almost $10 billion of supply set to hit the market this week.