Markets

With the latest bout of flattening, the reality of sub-zero spreads may soon collide with an otherwise sanguine outlook on the economy.

The university plans to price $118 million of new money and refunding bonds this week, and to close the refunding deal in September.

California came to market with a $2.15 billion general obligation bond deal as JPMorgan priced the big taxable offering

The municipal market is seeing several new deals hit the screens ahead of the big taxable deal from California.

S&P Global Ratings still has the district well inside junk-bond territory at a B rating.

Hartford Mayor Luke Bronin struck a guardedly optimistic tone as he released a $567.3 million budget plan.

A banking industry official warned aldermen that some institutions would cut ties to the city if it enacted such an ordinance.

Industrial production grew 0.5% in March, the Federal Reserve reported Tuesday.

U.S. new-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed Tuesday.

Prices received increased in April, to a level not seen in more than six years, while wage growth slowed.