Markets

Consumer credit increased by $10.6 billion in February to $3.868 trillion, the Federal Reserve reported Friday.

Illinois spreads are rising as the state plots its first sale of 2018 for May.

Atlantic City's state overseer sees a “major” breakthrough following a $49 million bond sale.

Municipal market participants will return to their desks next week and see a $4.8 billion new issue calendar.

Nonfarm payrolls saw a much softer than expected gain of 103,000 in March versus the 195,000 expected.

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

Traders noted some caution in the muni market ahead of Friday’s release of the March unemployment report.

The city's issuer rating from Moody's Investors Service remains mired in speculative-grade territory.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

Municipals were trading in sympathy with Treasuries on Thursday morning as the market remained quiet as it prepared for the week’s end.