The consumer confidence index climbed slightly in March, rising to 26.0 from an upwardly revised 25.3 last month, the Conference Board reported yesterday.
The February index was initially reported as 25.0.
Economists polled by Thomson Reuters predicted the index would rise to 28.0.
The present situation index fell to 21.5 from an upwardly revised 22.3, originally reported as 21.2, while the expectations index rose to 28.9 from a downwardly revised 27.3 last month, originally reported as 27.5.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
