| Government Securities Prices | 10-year: 96 28/32 to yield 2.48, down 24/32 30-year: 95 6/32 to yield 3.25, down 124/32 |
|---|---|
| Municipal Bond Index | 121 28/32, down 12/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 06/29) | Total: $7.114 billion, up $455.9 million Competitive: $2.583 billion, up $362.8 million Negotiated: $4.531 billion, up $93.1 million |
| The MuniCenter List | Offering total: $14.369 billion, up $988.2 million |
Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.
Market participants broadly expected a rate hike, but the FOMC statement and press conference both rang more hawkish than what the markets probably anticipated, said Chris Brigati, managing director and CIO at SWBC.
A U.S. Appeals Court for the Tenth Circuit ruling vacated a lower court's permanent injunction against a project to expand the Gross Reservoir.
Fitch Ratings revised its outlook to stable from negative on the Corpus Christi utility and S&P removed it from CreditWatch with negative implications.
With the Bipartisan Infrastructure Law funding sunsetting at the end of the month, the American Public Transportation Association is staging a fly-in to lobby for advance appropriations.
Chicago will be a regional water supplier, and its water could draw the next Great Migration, Department of Water Management Commissioner Randy Conner said.
