Retail sales grew 2.4% in the week ended May 18, according to the weekly retail sales report released by Johnson Redbook Tuesday.
The Johnson Redbook Retail Sales Index was up 2.4% in the second week of May following a 2.8% gain the prior week. Month-to-date, May was up 2.6%, compared to May of last year (relative to a target of a 2.7% gain).
Month-over-month showed a 0.5% gain (relative to a target of a 0.6% gain).
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.
