INVESTMENT ADVISORY SERVICES: FEATURED ECONOMIC INDICATOR
Personal Spending Slows
For two consecutive months, personal spending has been flat on a month-over-month basis. The story has been similar for retail sales and retail sales excluding auto sales. One positive note is that excluding autos, retail sales picked up in March.
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PUBLIC FINANCE TRENDS
BQ Benefit and Method of Sale
This month’s analysis sheds light on the benefit of bank-qualified (“BQ”) bond issues by comparing an insured Illinois (“IL”) A+ NBQ bond issue with an insured IL A1 BQ issue. When comparing these two bond issues, the BQ benefit appears to be minimal for the first nine years.
