Government Securities Prices | 10-year: 98 28/32 to yield 2.88%, down 10/32 30-year: 96 31/32 to yield 3.92%, down 11/32 |
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Municipal Bond Index | 111 5/32, down 5/32 |
The Bond Buyer's 30-Day Visible Supply (as of 12/05) | Total: $13.853 billion, up $3.006 billion Competitive: $2.293 billion, down $205.3 million Negotiated: $11.560 billion, up $3.211 billion |
The MuniCenter List | Offering total: $9.097 billion, up $483.3 million |
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Despite higher yields, muni to UST ratios remain rich. Ratios look "progressively richer" moving into the five- to 10-year part on the curve, with the 10-year spot "still far more attractive in taxables versus tax-exempts," J.P. Morgan said.
4h ago -
The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
4h ago -
It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.
6h ago -
The meeting was attended by trade organizations, MSRB board leadership, Finance Committee members and MSRB senior staff.
6h ago -
The Federal Emergency Management Agency is asking for an additional $9 billion for this year in hopes they don't run out of funds in August as they're currently slated to.
7h ago -
The SEC won its case against Richard Ganci and Richard Tortora of Capital Markets Advisors over conflicts of interest present in their fee arrangement in connection to a $119 million offering for the City of Rochester, New York.
8h ago