The composite index of Leading Economic Indicators was up 0.7% in April following a revised 0.4% rise in March, first reported as a 0.2% gain, the Conference Board reported Thursday.
The coincident index gained 0.2% in April after an unrevised 0.1% fall in March, while the lagging index grew 0.1% after an unrevised 0.5% rise in March.
The LEI stands at 122.3, the coincident index is at 112.0 and the lagging index is at 116.6 The LEI has a baseline of 100, which reflects the level in 2010.
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.
