Markets

The municipal market will be staffed by skeleton crews as the calendar has no negotiated deals and only small competitives, which don't even total $3 million — and another long holiday weekend right around the corner.

Service sector activity saw “continued growth in December.”

Manufacturing growth in the central Atlantic region was “moderate” in December.

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

Gov. John Bel Edwards said lawmakers must agree to replace $1 billion in expiring revenues by Jan. 19 or he will cut the budget.

The muni market absorbed almost $58 billion, a record for December, before a holiday hiatus to end the year.

The long holiday weekend comes at a perfect time for tired muni market participants after a furious few weeks of action spurred by tax reform.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued at a solid pace, and optimism remained high" in December.

The pace of new single-family home sales increased by 17.5% to 733,000, the highest level since July 2007.

The University of Michigan's final December consumer sentiment index reading was 95.9.