Markets

Texas factory activity, as measured by the production index, “expanded at a faster pace in October,” according to the monthly Texas Manufacturing Outlook Survey.

Municipals were little changed in early activity as the market gets ready to see almost $7 billion of new paper come its way this week, led by issuers from Virginia and Maryland.

Personal income rose 0.4% in September as expected, while the core PCE price index was on target with another 0.1% gain.

Chicago Public Schools got a boost to BB-minus as the district readies a new money and refunding deal.

Municipal bonds ended unchanged on Friday as the market geared up for a more manageable new issue calendar, led by Montgomery Co., Md., and the Virginia Small Business Financing Authority.

Gainesville Regional Utilities received $3 billion in orders for $416 million of tax-exempt bonds.

Municipal bonds were unchanged at mid-session, according to traders, who are looking ahead to the next week's $6.7 billion new issue slate, which will be headlined by big offerings from Virginia and Maryland Issuers.

Municipals bonds are little changed in early activity as the market eyes next week’s new issue calendar, which is topped by big offerings from Virginia and Maryland Issuers.

The University of Michigan's final October consumer sentiment index reading was 100.6.

Third quarter GDP rose 3.0% in the advance estimate, stronger than the 2.7% pace expected.