Markets

The municipal market rallied to close out Thursday five basis points lower in yield, while the last two larger deals of the week priced, with the Philly School District passing its test with flying colors.

Franklin County is set to receive the biggest chunk of funding with roughly $135 million.

Reno's ratings raised to A-plus with an economic boost from tech companies.

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.