| Mar. 4, 2014 | |||||
| Southwest: Plain/Insured GO Yield Curve* | |||||
| State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
|---|---|---|---|---|---|
| Arizona | Aa3/AA+/NR | 0.2 | 1.18 | 2.67 | 4.04 |
| Arkansas | Aa1/AA/NR | 0.15 | 1.06 | 2.5 | 3.82 |
| Colorado | Aa1/AA/NR | 0.17 | 1.12 | 2.62 | 3.95 |
| Kansas | Aa1/AA+/NR | 0.15 | 1.04 | 2.51 | 3.86 |
| New Mexico | Aaa/AA+/NR | 0.15 | 1.04 | 2.52 | 3.86 |
| Oklahoma | Aa2/AA+/AA+ | 0.17 | 1.15 | 2.62 | 3.96 |
| Texas | Aaa/AAA/AAA | 0.15 | 1 | 2.44 | 3.81 |
| Utah | Aaa/AAA/AAA | 0.15 | 1 | 2.4 | 3.72 |
The drought-prone Texas city's $300 million utility system bond issue comes to market after rainfall and ongoing projects boosted water supplies.
Washington, D.C.'s chief financial officer released a good news-bad news revenue forecast for the city while President Trump works on several controversial renovation projects.
Many investors go into the end of the year trying to catch up on tax-loss harvesting, but some analysts say market participants should be doing this year-round.
J.P. Morgan is scheduled to price the deal as municipal issuers confront shifting interest rates, secondary market supply, and evolving investor sentiment.
The rally has been more of a technical driver. Absolute yields and ratios, at least on the muni side, are very attractive, with the asset class becoming "oversold," said Whitney Fitts, director of municipal portfolio management at Appleton Partners.
Muni AI issuance may reach up to $11 billion in 2026, less than 2% of expected muni issuance, the firm said.
