Government Securities Prices | 10-year: 96 15/32 to yield 3.81, up 8/32 30-year: 95 23/32 to yield 4.64, up 24/32 |
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Municipal Bond Index | 112 5/32, unch |
The Bond Buyer's 30-Day Visible Supply (as of 12/30) | Total: $3.614 billion, up $184.7 million Competitive: $951.7 million, up $158.8 million Negotiated: $2.662 billion, up $25.9 million |
The MuniCenter List | Offering total: $9.062 billion, down $174.9 million |
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Despite higher yields, muni to UST ratios remain rich. Ratios look "progressively richer" moving into the five- to 10-year part on the curve, with the 10-year spot "still far more attractive in taxables versus tax-exempts," J.P. Morgan said.
7h ago -
The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
7h ago -
It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.
8h ago -
The meeting was attended by trade organizations, MSRB board leadership, Finance Committee members and MSRB senior staff.
8h ago -
The Federal Emergency Management Agency is asking for an additional $9 billion for this year in hopes they don't run out of funds in August as they're currently slated to.
10h ago -
The SEC won its case against Richard Ganci and Richard Tortora of Capital Markets Advisors over conflicts of interest present in their fee arrangement in connection to a $119 million offering for the City of Rochester, New York.
11h ago