| Government Securities Prices | 10-year: 94 9/32 to yield 2.40, down 21/32 30-year: 88 18/32 to yield 3.49, down 115/32 |
|---|---|
| Municipal Bond Index | 116 22/32, down 39/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 06/21) | Total: $13.943 billion, up $3.250 billion Competitive: $2.469 billion, down $245.2 million Negotiated: $11.474 billion, up $3.495 billion |
| The MuniCenter List | Offering total: $9.958 billion, down $927.6 million |
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
