Markets

Baker, lawmakers must hash out FY18 plan

Issuance is forecast to screech almost to a halt during the July 4th holiday shortened week.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

Muni analysts pointed to June's uptick in volume as a sign that issuance may start to rebound.

A skeletal $32 billion fiscal 2018 Pennsylvania budget was scheduled to make its way through the Senate.

Top shelf municipal bonds were unchanged at mid-session as traders prepared for next week’s almost non-existent new issue calendar. Ipreo estimates volume at $130.4 million, down from a revised total of $6.02 billion sold this week, according to updated data from Thomson Reuters.

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

The Indiana Finance Authority approved its takeover of a struggling highway public-private partnership.

Municipal bond traders are preparing for next week’s almost non-existent new issue calendar as they get ready for the upcoming Fourth of July holiday.

The University of Michigan's final June consumer sentiment index reading was 95.1, compared to the preliminary June 94.5, and the final May 97.1, according to market sources.