Markets

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index was higher to 4.02% from 4.01% the previous week.

The payoff comes as the district takes out new tax anticipation notes.

The New Jersey Economic Development Authority achieved strong demand during Wednesday’s $350 million school facilities construction bond sale to help generate millions in savings for the Garden State.

The U.S. Virgin Islands responded to Fitch Ratings’ withdrawal of the islands’ ratings by saying that the government will directly provide financial information to investors.

Santee Cooper and South Carolina Electric & Gas monetized all but one payment of the $2.17 billion they expected to receive from Toshiba.

The proposed rules would be updated to cover all PABs and recognize electronic communications.

Top-shelf municipal bonds were weaker again on Thursday amid ripple effects from the tax reform news announced the day prior.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

The last issuance of the week started to come in on Thursday, as munis were weaker still.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued to expand at a solid pace and … firms remained optimistic about the future."