Markets

Top-rated municipals bonds were mixed at mid-session, traders said, as several big deals from California issuers were closing out the week’s new issue slate.

Most Alaska bonds will still be paid in the event of a government shutdown, its debt manager said.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "expanded at a slower pace with solid expectations for future activity" in June, according to the bank's monthly manufacturing survey, released Thursday.

UBS Wealth Management announced its newest addition to its growing public finance business, as Angela Schmidt will come aboard after 19 years at JP Morgan.

The Leading Economic Index was up 0.3% in May following a revised 0.2% increase in April, first reported as a 0.3% gain, the Conference Board reported Thursday.

Municipal bond traders are waiting for the last of the large deals to price on Thursday as the second busiest week of the year heads to a close.

Initial claims for U.S. state unemployment benefits rose by 3,000 to 241,000 in the June 17 employment survey week, as expected following a small upward revision to the claims level in the previous week, data released by the Labor Department Thursday showed.

The long-awaited American Dream bond deal for the megamall project in the New Jersey Meadowlands came to market on Wednesday. Municipas finished unchanged, according to traders.

The long-awaited bond deal for the American Dream mall project in New Jersey came to market on Wednesday and the New York City Transitional Finance Authority’s offering was priced for institutional investors. In secondary activity, municipal bonds were unchanged at mid-session.

Existing home sales gained 1.1% to a seasonally adjusted 5.62 million-unit rate in May from a revised 2.5% decline to a 5.56 million sales pace the previous month, the National Association of Realtors announced Wednesday.