Markets

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices fell five basis points to 4.16% from the previous week's 4.21%.

Bonds for Northern Illinois University student housing were sent to junk over occupancy struggles.

Municipal bonds finished stronger on Thursday as the last of this week’s larger new issue deals hit traders' screens.

New Jersey lawmakers sued, challenging the private placement of debt for the State House renovation.

The Treasury Department sold $11 billion of inflation-indexed 9-year, 8-month TIPs at a 0.420% high yield, an adjusted price of 100.496978, with a 3/8% coupon.

Connecticut's governor and lawmakers are trying to patch a projected $5 billion deficit.

Municipal bonds were trading stronger at mid-session as the last of this week’s larger new issue deals hit traders' screens.

The composite index of Leading Economic Indicators was up 0.3% in April following a revised 0.3% increase in March, first reported as a 0.4% gain, the Conference Board reported Thursday.

Bankruptcies and defaults have taught the market that General Obligation bonds, once the bedrock credits, aren't all the same.

Municipal bond traders will be eyeing falling yields on Thursday as the market prepares for the last of this week’s larger new issue deals.