Markets

Initial jobless claims rose to 233,000 in the week ended Jan. 20, the Labor Department said Thursday.

Chicago’s Sales Tax Securitization Corp. bonds cleared the market after a one-week delay.

Wednesday's sales of Chicago's Sales Tax Securitization Corp. taxables and Connecticut’s special tax obligation bonds underscored the increasing prevalence of special obligation offerings.

First Deputy Mayor Dean Fuleihan put the price tag at $425 million over four years.

The deaths of people who ignored railroad crossing warning lights and barriers triggered new calls for state and federal regulators to strengthen railroad safety laws.

Technology has changed the muni market, but a complete restructuring of how bonds come to market is expected by analysts.

Municipal and Treasury bonds weakened as stocks surged to record highs in early trading.

Existing home sales fell 3.6% to a seasonally adjusted 5.57 million-unit rate in December from a revised 5.78 million sales pace the previous month, first reported as 5.81 million, the National Association of Realtors announced Wednesday.

The Sales Tax Securitization Corp.’s second offering faced a tougher market environment.

Underwriters reportedly offered spreads to the Municipal Market Data’s AAA benchmark scale of 55 basis points on serials ranging from 2031 to 2038.