Markets

Big bond offerings from the Port Authority of New York and New Jersey and the Los Angeles Department of Water and Power are on tap for Wednesday as the market keeps watch on rising yields.

A California healthcare issuer came to market with a multi-billion dollar offering Tuesday as municipal bonds weakened in secondary trading.

A California healthcare company came to market with a multi-billion issue on Tuesday as municipal bonds weakened in secondary trading.

MTA variable-rate debt is well under its policy threshold.

Texas service sector activity “increased in April, albeit at a slower pace than in March,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey.

Service sector activity “improved notably in April,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturers in the central Atlantic region “were upbeat again in April,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dipped to 20 in April from 22 in March.

The consumer confidence index decreased to 120.3 in April from a revised 124.9 last month, The Conference Board reported Tuesday.

The pace of new single-family home sales surged to a much stronger-than-expected 621,000 seasonally adjusted annual rate in March, following mixed revisions to the January and February sales pace, data released by the Commerce Department Tuesday showed.

Municipal bond traders on Tuesday will be eyeing rising yields as the first of the week’s new supply gets set to hit the market.