WASHINGTON — Import prices rose 2.2% in April, as prices in the first quarter rose 6.7%, marking their largest gain since 2008, the Labor Department reported Tuesday.
The April increase in import prices was mostly due to the higher cost of petroleum. Imported petroleum increased 7.2%, while non-petroleum import prices rose just 0.6%.
The April import price increase was higher than the 1.8% forecast by economists polled by Thomson Reuters.
After Ken Paxton's opinion said giving preferences based on sex or race is unconstitutional, his office set a new certification requirement for bond issuers.
Munis were steady Monday following the large cuts the asset class saw last week, specifically on Tuesday, Jan. 20.
"We are on the cusp of major changes in how the municipal securities market operates," Dave Sanchez, director of the Securities and Exchange Commission's Office of Municipal Securities, said last week.
Subordinate bondholders will likely be wiped out.
The board wants the court to reject a wide range of bondholder discovery requests related to their administrative expense claim.
The cash-strapped city of Chester had been hoping the water authority sale would be its route out of bankruptcy.
