Markets

The municipal bond market is facing two big challenges this week -- smaller-than-average supply and a monetary policy meeting of the Federal Reserve.

After back to back weeks of decent issuance, the primary muni market will get with a reality check of weekly issuance below $3 billion, thanks mostly to continued tax reform fallout.

The Lincoln-Way district is in recovery mode from past bond abuses of a previous leader.

Supply plunges for the upcoming week, with Ipreo estimating volume at only at $2.9 billion, down from this week’s revised total of $5.0 billion, according to updated data from Thomson Reuters.

The University of Michigan's preliminary March consumer sentiment index reading was 102.0, compared to the final February 99.7 and the preliminary February 99.9, according to market sources.

Industrial production grew 1.1% in February, the Federal Reserve reported Friday.

U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category.

Prices received increased in March, to a level not seen in six years, while wage growth was steady.

In the week ended March 15, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.02% from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

A spate of deals priced, as investors put more money into long-term municipal bond funds.