| Government Securities Prices | 10-year: 104 19/32 to yield 2.96, down 12/32 30-year: 105 5/32 to yield 4.07, down 17/32 |
|---|---|
| Municipal Bond Index | 116 21/32, up 2/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 08/05) | Total: $6.458 billion, down $833.2 million Competitive: $1.690 billion, up $406.4 million Negotiated: $4.768 billion, down $1.240 billion |
| The MuniCenter List | Offering total: $8.068 billion, down $442.5 million |
The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.
A Utah law may be tapped to issue bonds to renovate a downtown Salt Lake City basketball arena to accommodate the former Arizona Coyotes.
Along with UBS' departure from the negotiated underwriting space, various firms have hired talent from both firms to increase their primary and secondary market presence. Many hope for some positive effects in both competition and secondary market liquidity as a result.
The bond plan, a key priority for Mayor Brandon Johnson, will be paid for with revenue gained by letting tax increment financing districts expire.
Moody's Ratings on Monday revised Illinois' outlook to positive from stable and affirmed the state's A3 issuer rating and the A3 rating on its GO debt.
"Bifurcated demand reflects the persistent bid strength from [separately managed accounts] and retail investors, not to mention more accounts marshaling cash and liquidity up front while the Fed perspective evolves," said MMA's Matt Fabian.
