The consumer confidence index fell to 59.7 in March from a downwardly revised 68.0 last month, The Conference Board reported Tuesday.
The February index was originally reported as 69.6.
The present situation index dropped to 57.9 from 61.4 while the expectations index plunged to 60.9 from 72.4.
Economists polled by Thomson Reuters predicted a 68.0 reading for the index.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
