Markets

Issuers frantically go to market to get deals done while they still can — as the tax bill continues the long path to becoming law.

Pending home sales rose 3.5% to an index reading of 109.3 in October, from a downwardly revised 105.6 in September, a 0.4% drop, according to a report released Wednesday by the National Association of Realtors.

Third quarter GDP growth was revised up to a 3.3% annual rate from the 3.0% pace in the advance estimate, as expected, data released Wednesday by the Bureau of Economic Analysis showed.

The state will sell $499 million various purpose GO refunding bonds.

The muni market was buzzing with activity on Tuesday, as issuers rushed to sell bonds that may no longer be allowed next year.

Moody's Investors Service cited fund balance discipline as it upgraded Burlington to A2.

A busy week got started Tuesday, with deals flowing in as the specter of tax reform plagues the primary municipal market and issuers rush to market with sales that may no longer be allowed next year, creating an opportunity for buyers.

Texas service sector activity “increased again in November,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index rose to 24.4 from 19.2.

Service sector activity “continued to see strong growth in November,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

The consumer confidence index increased to 129.5 in November from a revised 126.2 last month, The Conference Board reported Tuesday.