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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.

RBC Capital markets, along with Wedbush Securities and an individual reached settlements totaling $70,000 with FINRA.

Federal Reserve Bank of Chicago President Charles Evans said his outlook hasn’t changed much.

Analysts expect growth over the next four quarters to be "slightly stronger now" compared to their view three months ago, while the unemployment outlook is also "brighter," a survey of professional forecasters by the Philadelphia Federal Reserve Bank showed Friday.

The value of business inventories rose 0.2% in March, stronger than the 0.1% gain expected, while sales were flat, a Commerce Department report Friday showed.

The University of Michigan's preliminary May consumer sentiment index reading was 97.7, compared to the final April 97.0, and the preliminary April 98.0, according to market sources.

Municipal bonds were stronger in early activity, according to traders, as the market eyes next week’s still healthy new issue calendar.

April retail sales did not quite meet expectations Friday, rising 0.4%, with March upgraded to a positive in revision.

The consumer price index rose 0.2% in April as expected, the Bureau of Labor Statistics reported. It had declined 0.3% in March.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

Wyden calls Trump's big infrastructure plan "wrong-headed."

U.S. lawmakers want Puerto Rico board to focus on economic growth and freeze debt service payments.

In the week ended May 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 4.21% from 4.22% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The Puerto Rico Oversight Board’s Title III cases got new case numbers on Thursday.

California Gov. Jerry Brown proposed using money from an investment fund to pre-pay CalPERS.

Hardy Manges, head of municipal dealer sales’ at MarketAxess, discusses the impact of technology on the muni market. He also looks at trends in e-trading muni bonds and gives an update on MarketAxess' platform, which is about a year into its venture in the muni space. Hosted by markets reporter Aaron Weitzman.

Municipal bonds finished mixed on Thursday as the last of the week’s hefty supply was coming to market.