U.S. inflationary pressures were lower in November, as the U.S. future inflation gauge fell to 104.7 from a revised October 105.7 reading, first reported as 105.9, according to data released Friday morning by the Economic Cycle Research Institute.
"While dipping in its latest reading, the USFIG remains near its summer high," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures, while still simmering, have cooled a little."
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.
