Markets

Indiana may soon take fiscal control of Gary Community School Corp. and Muncie Community Schools. Gary wants the help. Muncie Schools opposes it.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were seeing the first of the week's new issuance hit the market.

Top-shelf municipal bonds were slightly stronger on Tuesday morning, as yields were lower by as many as two basis points according to traders, as they await the first new issuance of the week.

The value of new factory orders rose for the third straight month by 1.0% in February, as expected, data released by the Commerce Department Tuesday morning showed.

"New York City purchasing managers reported strong optimism in addition to a faster pace of activity in March," the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.

The U.S. international trade gap narrowed to a below-expectations $43.6 billion with imports of crude oil up and autos down.

Market participants are increasingly contemplating the impact of Illinois potentially losing its investment-grade ratings.

The New York City Transitional Finance Authority is planning to $1.1 billion of future tax secured subordinate bonds next week, the TFA announced on Monday.

Rep. David Young, R-Iowa, has introduced a bipartisan bill that would ease tax-exempt private activity bond restrictions for first-time farmers.

Top-rated municipal bonds finished stronger on Monday, according to traders, with a heftier new issue slate on tap for the week. The calendar is composed of mostly negotiated deals, with no competitive sales over $100 million.