| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Durable Goods | March: -3.7% | April: +0.5% | April: +0.2% |
| ex-Transportation | March: -0.8% | April: +1.0% | April: -0.6% |
| Initial Jobless Claims | May 12: 372,000 | May 19: 370,000 | May 19: 370,000 |
| Continuing Claims | May 5: 3.289M | May 12: 3.250M | May 12: 3.260M |
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
