Crowley stuns Hong in Wisconsin; Flanagan beats Craig in Minnesota

In a couple of notable primary elections, progressive Democrats scored wins in Wisconsin and Minnesota. In Wisconsin, Steve Crowley defeated incumbent state senator Alberta Darling's chosen successor, former state representative Hong.

These primary results are significant because they suggest that the progressive wing of the Democratic Party continues to maintain momentum. In Minnesota, Flanagan's victory over Craig in the primary for a congressional seat is another example of this trend. The success of progressive candidates in these primaries could have implications for the balance of power within the Democratic Party and may influence the policy debates in these states.

Looking ahead, investors should watch to see if these primary results have any impact on the general elections in Wisconsin and Minnesota, and whether the momentum of progressive Democrats carries over into other states. The outcome of these elections could also influence the legislative priorities of these states, which in turn could affect the municipal bond market, particularly if there are changes in the tax policies or infrastructure spending plans.

Originally reported by cnbc.com. BondNews adds analysis for finance & markets readers.