Markets

Pending home sales gained 0.4% to an index reading of 107.6 in March, from a downwardly revised 107.2 in February.

The MNI Chicago Business Barometer rose 0.2 points to 57.6 in April, up from 57.4 in March, snapping a three-month downward trend.

Respondents pointed to issues arising from tariffs and price increases for the decline.

Personal income rose 0.3% in March, while nominal PCE was up 0.4% and the core PCE price index rose 0.2% in the month and 1.9% year/year, about as expected, data released by the Bureau of Economic Analysis Monday morning showed.

The March Midwest Economy Index climbed to 0.52 from a revised 0.41 in February, first reported as 0.44, the Federal Reserve Bank of Chicago said Monday.

Backers say the blockchain "micro" bonds could finance a new fire truck for the California city.

Weekly municipal bond volume will be down with the Federal Open Market Committee set to meet, though no interest rate increase is expected.

The municipal bond market will see a light new issue calendar next week as the Federal Reserve meeting on monetary policy puts a damper on new debt issuance.

The University of Michigan's final April consumer sentiment index reading was 98.8.

U.S. employment costs increased more than forecast in the first quarter as worker pay and benefits accelerated, according to Labor Department data released Friday.