The University of Michigan’s final November consumer sentiment index reading was 64.1, compared to the preliminary November 64.2, and the October 60.9, according to market sources.
The expectations index was 55.4, compared to 56.2 earlier in November, and 51.8 in October.
The current conditions index was 77.6, compared to 76.6 earlier in November, and 75.1 in October.
Economists predicted a 64.5 reading for the main index, 76.8 for current conditions, and 56.3 for expectations.
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.
