| Government Securities Prices | 10-year: 102 11/32 to yield 1.37, up 7/32 30-year: 108 21/32 to yield 2.11, up 29/32 |
|---|---|
| Municipal Bond Index | 135 25/32, down 2/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 07/11) | Total: $12.429 billion, up $663.7 million Competitive: $4.383 billion, up $440.3 million Negotiated: $8.046 billion, up $223.4 million |
| The MuniCenter List | Offering total: $9.563 billion, down $2.170 billion |
Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
A stronger-than-expected nonfarm payroll report reignited fears that the Federal Reserve will hike rates. Munis and USTs had a somewhat muted reaction, according to Hennion & Walsh's James Pruskowski.
"The reason the number [of trade counts] is a record and not just elevated is structural, and it's been building for years," said Josh Rosenblum, head of municipal trading strategies at Brownstone.
Oregon State Rep. Paul Evans proposed a grant program that would fill budgetary gaps for small cities at risk of closing what he deems as essential city services.
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
The plan aims to fundamentally change how the state collects tax revenue, aiming to eventually shrink the income tax to nothing.
