Markets

The municipal bond market will see more deals hit the screens on Wednesday, led by a big Maryland competitive sale and a second day of retail orders for the New York City offering.

Final demand PPI rose 0.2% in August and was up 0.1% excluding food and energy prices, data released Wednesday showed.

Top-rated municipal bonds ended weaker on Tuesday, according to traders, as the first of this week’s new deals hit the screens, led by sales from New York City and Louisiana.

The system reported strong investor demand for $350 million of taxable debt earlier in the week.

The new money and refunding bonds are being sold Wednesday.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

Top-rated municipal bonds were weaker at midday, according to traders, as the first of this week’s new deals hit the screens on Tuesday.

U.S. job openings unexpectedly rose to a record in July, indicating resilient demand for workers, Labor Department figures showed on Tuesday.

Municipal bond traders are set to see the first of this week’s new deals hit the screens on Tuesday, led by deals from New York City and Tennessee issuers.

Small businesses were more optimistic on a “surge in capital spending and high sales expectations,” according to the National Federation of Independent Business' monthly Small Business Optimism index.