Markets

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.

The pace of new single-family home sales plunged by 9.4% to a much weaker-than-expected 571,000 seasonally adjusted annual rate in July, following upward revisions to the sales pace in the previous three months, data released by the Commerce Department Wednesday showed.

The municipal bond market is prepped to see some supply hit the screens on Wednesday, led off by issuers in Indiana and Florida.

PAB allocation procedures differ among states; IRS only tracks these bonds on a per project basis.

Top-shelf municipal bonds ended unchanged on Tuesday as eight separate groups won portions of the big Texas note deal.

S&P cited benefits such a borrowing would offer Illinois.

The district faces growing enrollment amid shrinking financial support.

Refunding deals were down substantially and new money volume also slipped.

Top-shelf municipal bonds were unchanged at mid-session as the state of Texas sold the biggest note deal of the year.

Lord Abbett’s Dan Solender and Eric Friedland join the Bond Buyer’s John Hallacy to discuss the market tone, rates, sectors, and credit quality. The colleagues give a frank assessment of the landscape, including federal policy, state financial trends, relative strengths of revenue bonds and the shape of the yield curve and the outlook for rates.