Markets

The last issuance of the week is expected to drift in on Thursday, on the heels of yields jumping after details of tax reform were released.

Fitch Ratings said it has withdrawn its ratings for the United States Virgin Islands and the USVI Public Finance Authority.

Initial claims U.S. state unemployment benefits rose by 12,000 to 272,000 in the September 23 week, above the 265,000 level expected.

Second quarter GDP growth was revised up slightly to a 3.1% annual rate from the 3.0% pace in the second estimate.

Bonds were hit hard as tax reform details were disclosed.

Tax reform news and interest rate worries have caused muni yields to spike, according to traders, as more supply hits.

Luke Bronin called the latest multiple-notch downgrades no surprise.

After an extremely busy day, the primary muni market will pick up right where it left off — as another big wave of issuance is expected to hit.

Pending home sales declined 2.5% to an index reading of 106.3 in August.

U.S. durable goods orders climbed 1.7% in August, while excluding transportation orders were up 0.2%, the Commerce Department reported Thursday.