| Government Securities Prices | 10-year: 96 18/32 to yield 2.39%, up 3/32 30-year: 96 15/32 to yield 3.06%, up 14/32 |
|---|---|
| Municipal Bond Index | 120 3/32 up 10/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 12/06) | Total: $15.060 billion, down $23.5 million Competitive: $3.616 billion, down $86.5 million Negotiated: $11.444 billion, up $63.0 million |
| The MuniCenter List | Offering total: $15.025 billion, up $177.8 million |
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.
For the second time in a year, the Texas city's elected officials voted against moving forward with the Inner Harbor project to boost long-term water supply.
State budget writers are under increased pressure to allocate resources to struggling hospitals as the effects of expiring health care tax credits leave more people uninsured.
Federal Reserve Bank of New York President John Williams said Wednesday that inflation expectations remain well anchored, suggesting a "wait-and-see" approach for monetary policy.
State and local issuers should expect cuts in transit and rail projects over the short term, transportation advocates said.
