Markets

Hartford, Conn.’s debt rating was dropped to CC by S&P Global Ratings Tuesday, which called a default, distressed exchange, or redemption a “virtual certainty.”

Chicago Mayor Rahm Emanuel's new borrowing program will get an airing before City Council members next week.

Top-shelf muni yields were mostly unchanged to close out a busy Tuesday, according to traders, as the Texas Water Development Board's billion dollar deal highlighted a busy day.

The city says for now it has all the capital market access it needs.

The spending plan still relies heavily on sales tax growth, according to S&P Global Ratings.

Top-shelf muni yields are unchanged around lunchtime according to traders, as the market is seeing a multitude of pricings coming in non-stop.

Texas service sector activity “picked up slightly in September.”

The pace of new single-family home sales fell by 3.4% to 560,000 at a seasonally adjusted annual rate in August.

The consumer confidence index decreased to 119.8 in September from a revised 120.4 last month.

Service sector activity “remained generally upbeat in September.”