Markets

Texas factory activity, as measured by the production index, “rose markedly in May,” reaching a 12-year high.

The consumer confidence index increased to 128.0 in May from a revised 125.6 last month, The Conference Board reported Tuesday.

Home prices rose 6.5% on an annual basis in March, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

The holiday-shortened week with the usual accompanying low issuance shouldn’t overwhelm demand, putting the municipal market in a good spot at midyear.

MCE, California's first community choice aggregator, is rated Baa2 with a stable outlook by Moody's.

Pike County's “very weak” economy, budget performance and management led S&P Global Ratings to lower its ratings.

The rating agency said its new criteria only support a rating two notches higher than the state's BBB.

With two new casinos set to open, Atlantic City's current gambling facilities didn't keep pace with last year’s first-quarter revenue growth.

Municipal bonds were stronger ahead of Friday’s early close as the market will be greeted with $3.4 billion of new issue supply next week.

The University of Michigan's final May consumer sentiment index reading was 98.0, compared to the preliminary May 98.8 and the final April 98.8, according to market sources.