| Government Securities Prices | 10-year: 98 24/32 to yield 2.65, down 7/32 30-year: 98 26/32 to yield 3.69, down 22/32 |
|---|---|
| Municipal Bond Index | 112 17/32, unchanged |
| The Bond Buyer's 30-Day Visible Supply (as of 09/27) | Total: $7.437 billion, down $1.504 billion Competitive: $981.2 million, up $85.4 million Negotiated: $6.456 billion, down $1.589 billion |
| The MuniCenter List | Offering total: $6.860 billion, up $26.7 million |
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.
Brodie Killian has moved to PFM from Stifel Nicholas & Co., joining its Ann Arbor office as a director.
April continues to be "harsh" for munis as the asset class has given up roughly 72 basis points in the first two weeks of the month, said Jason Wong, vice president of municipals at AmeriVet Securities.
The city may have to make deeper cuts next year if voters don't approve two tax increases headed for the November ballot, if the City Council approves.
The most recent open solicitation period, last October, yielded three proposals.
