The University of Michigan’s final November consumer sentiment index reading was 76.1, compared to the 75.0 reading earlier this month, and the final October 80.9 reading, according to market sources. Economists polled by IFR Markets had predicted a 75.0 reading for the index.The expectations index was 66.2, compared to 64.7 at mid-month, and 70.1 at the end of October.The current conditions index was 91.5, compared to 91.0 in mid-November, and 97.6 in October.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
