| Government Securities Prices | 10-year: 99 3/32 to yield 2.23, down 24/32 30-year: 99 22/32 to yield 3.02, down 123/32 |
|---|---|
| Municipal Bond Index | 122 23/32, down 8/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 05/19) | Total: $15.935 billion, up $1.534 billion Competitive: $6.548 billion, up $1.105 billion Negotiated: $9.387 billion, up $428.8 million |
| The MuniCenter List | Offering total: $14.083 billion, up $917.5 million |
With the effects of added Medicaid requirement looming next year, some states are already seeing stress cracks in their reserve fund balances and revenue levels.
Burton brings 35 years of municipal sales experience, most recently at Cantor Fitzgerald.
Healthcare providers will receive nearly $12 billion in funding in fiscal 2027 with federal approval of the state's Medicaid directed payment programs.
Since 2021, 223 mutual fund-to-ETF conversions have been completed, including 24 involving munis, according to Morningstar data.
With more than 25 years in executive leadership in Texas public education, Rees will develop bond underwriting opportunities in the state, a Stephens statement said.
The rising cost of living, demographics, and growing utility demands are reshaping the credit profiles of municipal issuers and public utilities for the worse.
