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.
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.
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.
A tobacco deal from Pennsylvania and a taxable offering from Hawaii take center stage this week as traders eye rising yields and the Federal Reserve meets on monetary policy .
The municipal bond market is mostly breathing a sigh of relief after it has had time to digest the possible effects of new U.S. tax legislation, according to a report.