| Government Securities Prices | 10-year: 93 2/32 to yield 2.55, up 11/32 30-year: 86 22/32 to yield 3.61, up 18/32 |
|---|---|
| Municipal Bond Index | 114 11/32, down 2/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 07/16) | Total: $15.654 billion, up $1.051 billion Competitive: $3.930 billion, down $68.3 million Negotiated: $11.724 billion, up $1.119 billion |
| The MuniCenter List | Offering total: $7.390 billion, up $1.317 billion |
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.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
