Markets

The state-supported Kentucky university’s bond rating was downgraded to A-plus by S&P Global Ratings.

The Treasury Department on Tuesday auctioned $12 billion of re-opened 30-year bonds with a 2 3/4% coupon at a 2.804% high yield, a price of 98.908728.

Municipal bond yields continue to surge along with the supply that hit the market on Tuesday.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.240% high yield, a price of 99.903556.

Seth Magaziner said the session with Moody's, Fitch and S&P representatives enhanced transparency.

The Small Business Optimism Index rose 3.7 points to 107.5 in November, the National Federation of Independent Business reported on Tuesday.

The municipal bond market will continue to see supply flood in, with several large deals set for Tuesday including the University of California and the New Jersey Turnpike's bond offerings.

The producer price index rose 0.4% in November after gaining 0.4% in October, the Labor Department reported on Tuesday.

The deal includes $524 million to refund outstanding debt.

Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.