Markets

Top-rated municipal bonds ended mixed on Tuesday, according to traders, as the first of the week’s big deals came to market, led by the Bay Area Toll Authority’s $1.4 billion deal.

Top-rated municipal bonds were mixed at mid-session, according to traders, who were seeing the first of the week’s big deals come to market, led by the Bay Area Toll Authority’s $1.4 billion deal.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.990% high yield, a price of 99.923000.

Construction spending was down 1.3% in June, with a 0.1% decline in private construction and a steep 5.4% drop in public construction, data released by the Commerce Department Tuesday morning showed.

Municipal bond traders on Tuesday are set to see the first of the week’s big deals come to market, led by the Bay Area Toll Authority’s $1 billion deal.

Personal income was unchanged in June, while nominal PCE was up 0.1%, and the core PCE price index posted another modest 0.1% gain, data released by the Commerce Department Tuesday morning showed.

Top quality municipal bonds finished unchanged on Monday, according to traders, who wereprepped to see about $7.2 billion of new supply hit the screens this week.

Municipal bond volume ended the month of July down 20% as refundings plummeted.

Halting the work is expected to save customers nearly $7 billion in additional costs, the state-run agency known as Santee Cooper told bondholders.

A rebound in contract signings for the purchase of previously owned U.S. homes shows housing demand is stabilizing after a three-month downturn, National Association of Realtors figures released Monday showed.