| Government Securities Prices | 10-year: 98 0/32 to yield 2.35, 30-year: 110 15/32 to yield 3.79, down 427/32 |
|---|---|
| Municipal Bond Index | 115 2/32, down 15/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 08/12) | Total: $7.247 billion, up $1.487 billion Competitive: $1.684 billion, down $675.5 million Negotiated: $5.563 billion, up $2.163 billion |
| The MuniCenter List | Offering total: $8.255 billion, down $204.1 million |
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.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
