Markets

Pending home sales rose 0.2% to an index reading of 109.5 in November, from an unrevised 3.5% gain to 109.3 in October.

The new tax law and imminent scarcity threaten to change market dynamics for muni buyers in 2018.

Municipal bonds strengthened Tuesday as the primary market shifted to holiday mode after breaking the December record for issuance.

The number of people employed in Puerto Rico during November fell 1.8% from July.

Texas factory activity, as measured by the production index, “expanded strongly in December.”

The municipal market will be staffed by skeleton crews as the calendar has no negotiated deals and only small competitives, which don't even total $3 million — and another long holiday weekend right around the corner.

Service sector activity saw “continued growth in December.”

Manufacturing growth in the central Atlantic region was “moderate” in December.

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

Gov. John Bel Edwards said lawmakers must agree to replace $1 billion in expiring revenues by Jan. 19 or he will cut the budget.