Markets

The municipal market appears to be shifting away from its traditional retail-dominated status, which has implications for regulatory policy that's largely aimed at protecting the retail investor.

Municipal traders said the market was slightly firmer on Tuesday, though a lack of new supply was still curtailing opportunity for investors.

Borrowing plans cleared the Finance Committee after minority aldermen complained about diversity.

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

Municipal bond buyers are seeing some supply hit the market on Tuesday as they look ahead to next week for the biggest deal of the year to date.

Texas service sector activity “activity picked up in March,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 19.3 from 13.2.

The consumer confidence index decreased to 127.7 in March from a revised 130.0 last month, The Conference Board reported Tuesday.

Service sector companies “expanded moderately in March,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region was “expanded at a slower pace in March.”

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