| Government Securities Prices | 10-year: 99 30/32 to yield 1.76, up 4/32 30-year: 102 2/32 to yield 2.90, up 12/32 |
|---|---|
| Municipal Bond Index | 126 11/32, down 13/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 05/17) | Total: $8.739 billion, down $1.288 billion Competitive: $3.862 billion, up $3.9 million Negotiated: $4.877 billion, down $1.292 billion |
| The MuniCenter List | Offering total: $9.335 billion, up $18.4 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.
