Markets

Manufacturing growth in the central Atlantic region was “robust” in November, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 30 from 12.

The Pennsylvania Higher Educational Facilities Authority and the state of Wisconsin are coming to market on Tuesday as municipal bond traders eye tax reform developments in Washington.

The Central Florida Expressway Authority’s senior bonds won one-notch upgrades from Moody’s Investor Service and S&P Global Ratings.

The municipal bond market focused on the burgeoning new issue calendar as participants waited for a U.S. Senate vote on tax reform, which may come before the end of this week.

The remodeling of the 22-year-old airport will add gates and update its security infrastructure.

The Long Island Power Authority received a rating reward for debt restructuring that includes several securitization deals.

The holiday shopping season begins in earnest this week as municipal bond issuers offer buyers a slew of new tax-exempt deals as they rush to beat possible changes to the tax code for 2018.

The municipal bond market this week will keep an eye on the building new issue calendar as traders wait for the U.S. Senate to vote on a tax reform proposal which could come as early as Thursday.

Texas factory activity, as measured by the production index, “continued to expand in November.”

The pace of new single-family home sales increased by 6.2%, to the highest level since October 2007.