Markets

The municipal market saw the last two notable deals price, as the market was stronger by as many as five basis points.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported high input and selling prices, suggesting growing inflation.

The composite of the Leading Economic Index was up 0.6% in February following a downwardly revised 0.8% increase in January, the Conference Board said Thursday.

Chicago Public Schools officials say the deal won't include any scoop-and-toss restructuring for budget relief.

Initial jobless claims rose 3,000 to 229,000 in the week ended March 17, the Labor Department said Thursday.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

Democratic challenger J.B. Pritzker will take on Republican incumbent Bruce Rauner.

Primary and secondary activities were an afterthought Wednesday as the municipal market focused on the interest rate announcement from the Federal Reserve Board.

The municipal market concentrated on a Federal Reserve Board 25 basis-point interest rate hike, while keeping an eye on falling snow.

Existing home sales rose in February as sales gain in the West and South offset decreases in the Northeast and Midwest.