| Government Securities Prices | 10-year: 101 3/32 to yield 2.50, up 14/32 30-year: 106 9/32 to yield 3.53, up 1 |
|---|---|
| Municipal Bond Index | 119 23/32, up 2/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 08/27) | Total: $5.105 billion, down $357.5 million Competitive: $1.151 billion, down $277.3 million Negotiated: $3.954 billion, down $80.2 million |
| The MuniCenter List | Offering total: $6.991 billion, up $145.2 million |
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
