Markets

Municipal bonds held were firm ahead of California's $2.2 billion taxable offering, which is being marketed to international investors.

The launch of the new website came shortly after a second upgrade to investment grade.

The Texas Water Development Board will give investors a shot at its triple-A revenue bonds.

Muni performance is looking good this month, as California gets set to sell $2.2 billion of taxable general obligation bonds.

The 2017 top municipal bond issuer is bringing yet another two-billion dollar deal to market, this time around however California will be selling taxable bonds. The new tax legislation leaves the Golden State few options to refinance the 2009 bonds, but the taxable route should have the way for buyers overseas.

The Volunteer State lowered the savings threshold it requires for a refunding.

The rating actions came after the state agreed to assume the city's GO debt.

The value of business inventories in February rose by 0.6%, as expected by analysts.

Builders’ confidence in the market for new single-family homes remained high as the National Association of Home Builders' housing market index dipped to 69 in April from 70 in March.

U.S. retail sales rose by more than expected in March in the first gain in three months, suggesting consumer demand regained steam on the back of tax cuts and refunds.