The University of Michigan’s final November consumer sentiment index reading was 76.1, compared to the 75.0 reading earlier this month, and the final October 80.9 reading, according to market sources. Economists polled by IFR Markets had predicted a 75.0 reading for the index.The expectations index was 66.2, compared to 64.7 at mid-month, and 70.1 at the end of October.The current conditions index was 91.5, compared to 91.0 in mid-November, and 97.6 in October.
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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.
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Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
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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.
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Photos from The Bond Buyer's Texas Public Finance conference.
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The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
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"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.
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