Markets

The simultaneous drop in Puerto Rico’s unemployment rate and employment reflects the flight of workers from the island.

The $560 million deal is expected to sell later this month.

Primary municipal bond market volume is expected to drop to $4 billion in the coming week, as one gigantic note sale is expected to be larger than the entire bond calendar.

The governor's adjustment protects the state's neediest districts but hits others hard.

The region's slipping volume reflected a national trend.

Ipreo estimates total bond volume for next week at $4 billion, down from a revised total of $5.9 billion this week, according to data from Thomson Reuters. Next week’s calculations do not include note sales.

Part of the reason for munis' gains may be the reduction in issuance as governments wait for a federal infrastructure plan.

The University of Michigan's preliminary August consumer sentiment index reading was 97.6, compared to the final July 93.4, and the preliminary July 93.1, according to market sources.

Muni traders on Friday are looking ahead to next week’s lighter new issue slate, which will be dominated by a note deal, rather than a bond sale.

In the week ended Aug. 17, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was steady at 4.01% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.