Markets

The consumer confidence index increased to 125.4 in January from a revised 123.1 last month, The Conference Board reported Tuesday.

Home prices rose 6.2% on an annual basis in November, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

The market is watching for details on Treasury Department’s quarterly refunding, President Donald Trump’s State of the Union address and the Federal Reserve’s monetary policy meeting.

Utah will bring $326 million of triple-A general obligation bonds to market to fund an ambitious prison relocation and transportation projects.

Tax workarounds being discussed by several states affected by the SALT cap, could cost the U.S. Treasury about $154 billion over eight years, according to a report.

Against a backdrop of chronic state budget strife, Jefferies will price the Commonwealth Financing Authority’s tobacco master settlement bonds this week.

Texas factory activity, as measured by the production index, “continued to expand in January,” albeit at a slower pace than in December.

A tobacco deal from Pennsylvania and a taxable offering from Hawaii take center stage this week as traders eye rising yields and the Federal Reserve meets on monetary policy .

Personal income rose 0.4% in December, while nominal PCE was up 0.4% and the core PCE price index rose 0.2%.

Another week of modest muni volume is expected, as issuers offer more chunks of taxable bonds.