| Government Securities Prices | 10-year: 98 28/32 to yield 1.87, up 21/32 30-year: 95 24/32 to yield 3.09, up 111/32 |
|---|---|
| Municipal Bond Index | 129 22/32, up 8/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 05/17) | Total: $7.111 billion, up $116.7 million Competitive: $1.969 billion, down $252.3 million Negotiated: $5.142 billion, up $369.0 million |
| The MuniCenter List | Offering total: $9.625 billion, down $150.9 million |
Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.
On the state P3 front, PennDOT aims to complete a review of a proposed $5 billion toll lane project next year.
Ohio Dominican University became the latest Midwest private religious college to run into financial trouble after it missed a bond payment.
Volume was robust last week, with a nearly $20 billion new-issue calendar, and while supply dips to $13 billion this week, it will end up higher thanks to four sizable prepay energy deals that priced on Monday and Tuesday.
Four deals were on the day-to-day calendar, "playing it close to the vest, and all of a sudden, boom, they all get done," said Pat Luby, head of municipal strategy at CreditSights.
A proposed $3 billion sports and entertainment district would involve bond issuance for a Dallas Stars hockey arena and public infrastructure.
