| Government Securities Prices | 10-year: 100 6/32 to yield 2.23, up 13/32 30-year: 100 30/32 to yield 2.95, up 16/32 |
|---|---|
| Municipal Bond Index | 126 9/32, up 8/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 12/08) | Total: $9.653 billion, down $333.2 million Competitive: $3.168 billion, down $213.1 million Negotiated: $6.485 billion, down $120.1 million |
| The MuniCenter List | Offering total: $11.030 billion, up $1.669 billion |
The city's convention center authority plans to use proceeds from a $775 million bond sale to finance expansion of Music City Center.
Fear of inflation is hitting all markets, MMA Director Kevin McGuigan said, but high supply and low reinvestment cash mean it's hitting munis harder.
Rodriguez previously worked at Janney Montgomery Scott, where she was a managing director and head of Texas public finance.
Provisions in the One Big Beautiful Bill Act designed to jump start affordable housing development are starting to trickle out into the market in the form of tax-exempt and taxable bond combos.
Schools should begin auditing their programs and policies now, and bond buyers should prepare for more credit risks coming with higher education bonds.
Fitch Ratings revised Illinois' outlook to positive, pointing to the state's recent trend toward "normalized operating performance" and diverse economy.
