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After a busier than usual Monday that featured one institutional pricing, as well as a premarketing and a retail order period, municipal market participants are waiting for more action Tuesday.

The New York region's service sector activity "expanded modestly," according to the Federal Reserve Bank of New York's May Business Leaders Survey, released Tuesday.

The flexibility to veer from his traditional strategy has helped Jonathan Law of Advisors Asset Management find value in a volatile market.

SIFMA has made several bond-related infrastructure recommendations to the administration and Congress.

Top-shelf municipal bonds were unchanged on Monday, according to traders, who got an early start to the week with one institutional sale and retail pricing for a second deal.

Connecticut was downgraded to A1 from Aa3 by Moody's Investors Service.

New York City will end fiscal 2017 with a $4 billion surplus, the Independent Budget Office projected.

Top-shelf municipal bonds were mostly steady around midday on Monday, according to traders who got an early start to the week with one institutional sale, as well as a retail pricing for a second deal and indications of interest for a third deal.

Gov. Dannel Malloy presented a new Connecticut budget as two rating agencies downgraded the state.

The Government Development Bank for Puerto Rico reached a deal with its creditors to restructure its $4.1 billion in debts.

Municipal market participants are ready for another busy week, with volume exceeding $8 billion for the second consecutive week, something that has not happened for a while.

Builders’ confidence in the market for new single-family homes climbed as the National Association of Home Builders' housing market index grew to 70 in May from 68 in April.

The Empire State Manufacturing Survey showed "business activity leveled off in New York State," the Federal Reserve Bank of New York reported Monday, as the general business conditions index decreased to negative 1.0 in May from positive 5.2 in April.

Chicago Mayor Rahm Emanuel's budget director, Alexandra Holt, will leave the post after six years.

Municipal market participants are set for a second week of issuance greater than $8 billion amid a surge in demand.

New Jersey received final bonding approval on a large-scale state house renovation project.

Connecticut received a push out of double-A territory, as Fitch Ratings dropped it to A-plus.

Having a positive view of the economy, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker said Friday he expects two more rate increases this year.

Municipal bonds were stronger at mid-session, according to traders, who were looking ahead to next week’s still healthy new issue calendar, which is estimated at $8.79 billion.

Connecticut and capital Hartford face serious financial crises.