The Empire State Manufacturing Survey showed manufacturing activity “improved modestly” in New York State, although it was weaker than in previous months, the Federal Reserve Bank of New York reported Monday as the general business conditions index declined to 6.56 in April from 20.21 in March. Economists surveyed by Thomson Reuters expected the index to slip to 18.00.
Democrats say the shift is part of a pattern by Republican state legislators to shift power into their own hands regardless of what is legitimate.
The coming week will be a record week for AMT offerings, according to J.P. Morgan strategists. They caution against chasing spreads tighter.
Chicago will make the second half of its advance pension payment this year, Mayor Brandon Johnson told the Chicago Investors Conference.
Oregon's largest city plans to issue $585.6 million in revenue bond debt to finance upgrades its Bull Run water filtration facility.
The report takes aim at public school budget balances and charter school funding, and suggests bond issuance to fund teacher compensation endowments.
The Port of Seattle, operator of Seattle-Tacoma International Airport, joined the crowded airport bond airspace to get a refunding deal done.
