Markets

There's an expectation that President Trump will address infrastructure spending in Tuesday's State of the Union address, and he has the attention of the muni market.

Several big deals hit the primary on Tuesday as the municipal bond market weakened ahead of President Donald Trump’s State of the Union address and the FOMC meeting.

With infrastructure expected to be a hot topic at the State of the Union address, the municipal bond market wants to know if bonds will play a role.

Texas service sector activity “continued to increase in January, albeit at a slower pace than last month,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index plunged to 12.8 from 24.4.

The consumer confidence index increased to 125.4 in January from a revised 123.1 last month, The Conference Board reported Tuesday.

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

The market is watching for details on Treasury Department’s quarterly refunding, President Donald Trump’s State of the Union address and the Federal Reserve’s monetary policy meeting.

Utah will bring $326 million of triple-A general obligation bonds to market to fund an ambitious prison relocation and transportation projects.

Tax workarounds being discussed by several states affected by the SALT cap, could cost the U.S. Treasury about $154 billion over eight years, according to a report.

Against a backdrop of chronic state budget strife, Jefferies will price the Commonwealth Financing Authority’s tobacco master settlement bonds this week.