Markets

Initial claims U.S. state unemployment benefits fell by 5,000 to 229,000 in the October 28 week, well below the 235,000 level expected.

A handful of issuers took advantage of low activity Wednesday as the market anticipated the decision to keep the benchmark fed funds rate unchanged.

Moody's Investors Service also cited a structural deficit.

The primary municipal bond market saw a few deals trickle in on Wednesday, as the Federal Open Market Committee's announcement regarding interest rates nears.

The owners of Florida’s private passenger train project want to beat the Jan. 1 expiration date of a private activity bond allocation.

The overall economy grew for the 101st straight time, the Institute for Supply Management reported Wednesday.

Construction spending was up 0.3% in September, despite a 0.4% decrease in private construction.

The primary municipal bond market will see a handful of deals price Wednesday, as it waits for the Federal Open Market Committee to make an announcement regarding interest rates.

Private-sector employment increased by 235,000 in October, on a seasonally adjusted basis, ADP estimated Wednesday.

The Massachusetts Development Finance Agency and Phoenix Civic Improvement Corp., were among issuers taking advantage of steady yields ahead of the FOMC meeting and Trump's nomination for Fed chair.