Markets

According to the ISM's monthly report on business, the ISM index increased to 60.2 in June from 58.7 in May.

The municipal market will see only $74 million of deals in a holiday-shortened week, raising demand for supply the week after.

Moody's calls Minnesota's pension reforms a positive for the state and its local governments.

After a bumpy but overall successful launch of markup disclosure, the muni industry looks ahead to regulatory scrutiny and finding ways to use the new data.

Municipal bond issuance reached $30 billion for the third straight month, as the market prepares for what is expected to be a slow summer.

Ipreo estimates weekly bond volume at $73.8 million, consisting only of competitive sales and no negotiated deals.

The University of Michigan's final June consumer sentiment index reading was 98.2.

The MNI Chicago Business Barometer rose 1.4 points to 64.1in June, up from 62.7 in May, hitting the highest level since January.

The data suggest inflation is not retreating, with the year/year rate for the core measure jumping up to 2.0% and the PCE price index rising to 2.3%.

The May Midwest Economy Index slipped to 0.51 from an upwardly revised 0.55 in April.