| Government Securities Prices | 10-year: 97 28/32 to yield 2.49%, unchanged 30-year: 98 13/32 to yield 3.08%, up 4/32 |
|---|---|
| Municipal Bond Index | 122 7/32 down 10/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 3/06) | Total: $14.846 billion, up $267.3 million Competitive: $4.783 billion, up $379.4 million Negotiated: $10.063 billion, down $112.2 million |
| The MuniCenter List | Offering total: $12.736 billion, down $997.7 million |
Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
