| Government Securities Prices | 10-year: 97 3/32 to yield 2.33%, up 4/32 30-year: 97 16/32 to yield 3.00%, up 9/32 |
|---|---|
| Municipal Bond Index | 123 23/32, down 15/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 11/22) | Total: $9.881 billion, up $1.820 billion Competitive: $3.523 billion, up $949.9 million Negotiated: $6.358 billion, up $869.8 million |
| The MuniCenter List | Offering total: $16.243 billion, up $704.4 million |
Up to 18,000 private schools could lose access to the municipal bond market under the proposed rules, driving up their borrowing costs.
The Federal Reserve governor said an upcoming change to the Personal Consumption Expenditures index could show ongoing improvement in prices, building the case for leaving interest rates unchanged.
In a June letter to the SEC, Truth in Accounting expressed its "strong concerns regarding the GASB Accounting Support Fee and the broader role of" GASB itself.
The Alabama Toll Road, Bridge and Tunnel Authority is bringing $3.7 billion of bonds and notes to finance a bridge and fund I-10 improvements in Mobile.
The Federal Reserve's Office of the Inspector General found inconsistencies in how reserve banks execute their search processes and review stock holdings for prospective directors.
Supply hasn't let up since Tuesday's selloff. Muni yields will likely continue to rise as the new issue market offers investors a "buffet" of options, according to H.J. Sims analyst Tim Iltz.
