| Government Securities Prices | 10-year: 97 4/32 to yield 2.58%, up 5/32 30-year: 96 26/32 to yield 3.17%, up 10/32 |
|---|---|
| Municipal Bond Index | 121 14/32 unchanged |
| The Bond Buyer's 30-Day Visible Supply (as of 3/13) | Total: $10.813 billion, down $142.7 million Competitive: $5.156 billion, up $389.8 million Negotiated: $5.657 billion, down $532.5 million |
| The MuniCenter List | Offering total: $13.036 billion, up $247.9 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.
