| Government Securities Prices | 10-year: 96 26/32 to yield 2.62%, down 10/32 30-year: 96 5/32 to yield 3.20%, down 21/32 |
|---|---|
| Municipal Bond Index | 121 10/32 down 4/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 3/14) | Total: $11.033 billion, up $220.8 million Competitive: $5.297 billion, up $141.4 million Negotiated: $5.736 billion, up $79.4 million |
| The MuniCenter List | Offering total: $14.548 billion, up $1.511 billion |
Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
