Markets

Susan Courtney of PGIM Fixed Income navigates her muni team toward value in improving market.

Adventist Health West agreed to pay $112 million in Fremont-Rideout Health Group bond debt as part of a merger.

Municipal bonds finished weaker on Monday ahead of a what will be an busy Tuesday with a few billion of new issuance hitting the market.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.

A $1.4 billion sale from New York Transportation Development Corp., for Delta’s redevelopment at LaGuardia Airport is the bellwether deal of a near $8 billion week of new issuance. This will mark the first time in six years that Delta has issued in the tax exempt market and will be the second largest airline special facility bond ever completed in the municipal market.

The muni market is eagerly awaiting the $1.4 billion Delta deal to kick off the week's activity.

The Connecticut Housing Finance Authority expects to finance 695 mortgages for first-time home buyers through its planned $118 million issuance of fixed-rate bonds.

With competing party-line legislative budgets, a rebuke of both by the governor and a worsening deficit projection, the state is careening toward more fiscal turmoil and further backlash from Wall Street.

Home resales rose by 1.1% in March to an annual rate of 5.60 million, ahead of expectations for a second straight 5.54 million pace.

The Chicago Fed National Activity Index for March decreased to 0.10 from an upwardly revised 0.98 in February .