| Government Securities Prices | 10-year: 101 9/32 to yield 2.60, up 17/32 30-year: 101 11/32 to yield 3.55, up 27/32 |
|---|---|
| Municipal Bond Index | 117 21/32, up 15/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 03/04) | Total: $8.253 billion, up $2.519 billion Competitive: $2.488 billion, up $516.9 million Negotiated: $5.764 billion, up $2.002 billion |
| The MuniCenter List | Offering total: $9.389 billion, up $498.1 million |
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.
The Trump administration's signature tax policy is adding a $544 billion strain to an economy already burdened by bond yields not seen since the 1990's.
