Markets

The value of new factory orders rose 0.1% in December, well below the 0.9% increase expected.

Pending home sales rebounded 4.6% to an index reading of 103.2 in January, after a revised 2.3% decline to 98.7 in December.

The new money segment of the $438 million deal will help fund a midfield concourse at LAX.

Ohio and Nevada issuers came to market with a water deals as municipal bonds showed off their strength.

Refunding volume in the Midwest was down 57% in 2018, while new money deals rose just 1.8%, leaving the region down more than 28%.

Municipals were stronger as issues in Ohio and Nevada came to market

Texas service sector activity “accelerated in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 19.2, from 14.9.

The service sector improved in February, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

The consumer confidence index increased to 131.4 in February from an upwardly revised 121.7 last month.

Manufacturing growth in the central Atlantic region “strengthened in February,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index climbed to positive 16 from negative 2.