Markets

The Public Buildings Renewal Act would authorize $5 billion in private activity bonds for the construction or rehabilitation government-owned buildings.

Green bonds and sustainable offerings are on tap this week as several sales are set to hit the market. Buyers are expected to snap up the paper that aims to fund clean water, school and housing initiatives.

The value of business inventories in January rose 0.8%, above the 0.4% gain expected by MNI and the 0.5% gain expected by the Bloomberg consensus.

Construction spending was up 1.0% in February, well above the 0.1% gain expected.

The overall economy grew for the 119th straight time.

U.S. retail sales unexpectedly eased in February on declines in grocery stores and building materials, which could potentially reflect cooler weather.

Municipal bond volume will fall to $5.5 billion in the upcoming week, with green deals from Illinois and Arizona.

After two months of gains from 2018 levels, municipal issuance sank 7% from March last year as the loss of advance refundings continues to take a toll.

The massive New Jersey and New York agency announced a new underwriting pool for its plans to issue $8 billion of bonds over the next three years.

The University of Michigan's final sentiment index climbed to 98.4 from the prior month’s 93.8, according to a report Friday.