| Government Securities Prices | 10-year: 98 12/32 to yield 2.31, up 24/32 30-year: 107 13/32 to yield 3.35, up 128/32 |
|---|---|
| Municipal Bond Index | 116 10/32, down 1/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 10/31) | Total: $13.496 billion, up $2.814 billion Competitive: $2.527 billion, up $103.1 million Negotiated: $10.970 billion, up $2.711 billion |
| The MuniCenter List | Offering total: $8.428 billion, down $1.924 billion |
"April has been one of the worst-performing months over the past five years, which we believe warrants continued caution," BlackRock strategists said.
The public finance industry has been tracking the growth of the IRS budget with concerns that funding boosts would translate into higher audit rates for bond transactions.
Los Angeles Mayor Karen Bass aimed high in her State of the City speech just days before she will release a budget that needs to close a nearly half-billion-dollar deficit.
"We believe in this," Transportation Secretary Pete Buttigieg said.
The firm said Saporito's hiring is among several other additions made to beef up Wells Fargo's commitment to munis.
While Kansas' sales tax and revenue (STAR) bond program recorded its first default late last year, Bonner Springs is considering using it for a development that includes a Mattel toy-themed amusement park.
