| Government Securities Prices | 10-year: 103 30/32 to yield 1.81, down 1/32 30-year: 113 11/32 to yield 2.37, up 8/32 |
|---|---|
| Municipal Bond Index | 128 21/32, unch |
| The Bond Buyer's 30-Day Visible Supply (as of 01/27) | Total: $10.711 billion, up $605.6 million Competitive: $4.425 billion, up $291.5 million Negotiated: $6.286 billion, up $314.1 million |
| The MuniCenter List | Offering total: $10.727 billion, down $7.8 million |
A finance committee vote teed up a debate by the full Chicago City Council Wednesday on whether to require more aldermen votes for new borrowing.
In an unusually competitive election season in the GOP dominated Lone Star State, candidate platforms include moves that could impact state and local finances.
Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.
The long end of the curve has stabilized at very attractive yields, according to CreditSights' Pat Luby, inviting insurance companies and banks into the negotiated market.
"The regulatory environment has become increasingly complex and overwhelming for smaller firms," said Sycamore Advisors LLC president Diana Hamilton.
U.S. Secretary of Transportation Sean Duffy says the loan will allow the long-sought bridge and Bayway project to be built.
