| Government Securities Prices | 10-year: 100 86/32 to yield 1.60, up 127/32 30-year: 104 86/32 to yield 2.30, up 17/32 |
|---|---|
| Municipal Bond Index | 134 12/32, down 14/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 07/18) | Total: $12.615 billion, up $3.365 billion Competitive: $4.402 billion, up $2.035 billion Negotiated: $8.212 billion, up $1.330 billion |
| The MuniCenter List | Offering total: $10.249 billion, down $1.164 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.
