Government Securities Prices | 10-year: 104 12/32 to yield 2.98, up 18/32 30-year: 107 2/32 to yield 3.97, up 14/32 |
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Municipal Bond Index | 115 28/32, up 5/32 |
The Bond Buyer's 30-Day Visible Supply (as of 07/16) | Total: $9.073 billion, up $1.110 billion Competitive: $4.287 billion, up $1.087 billion Negotiated: $4.786 billion, up $23.1 million |
The MuniCenter List | Offering total: $7.946 billion, down $333.7 billion |
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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.
9h 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