Government Securities Prices | 10-year: 96 5/32 to yield 2.18, down 15/32 30-year: 90 31/32 to yield 3.36, down 12/32 |
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Municipal Bond Index | 121 9/32, unch |
The Bond Buyer's 30-Day Visible Supply (as of 06/18) | Total: $11.683 billion, up $233.7 million Competitive: $2.268 billion, down $23.1 million Negotiated: $9.415 billion, up $256.8 million |
The MuniCenter List | Offering total: $12.123 billion, up $2.188 billion |
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Despite higher yields, muni to UST ratios remain rich. Ratios look "progressively richer" moving into the five- to 10-year part on the curve, with the 10-year spot "still far more attractive in taxables versus tax-exempts," J.P. Morgan said.
3h ago -
The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
4h ago -
It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.
5h ago -
The meeting was attended by trade organizations, MSRB board leadership, Finance Committee members and MSRB senior staff.
5h ago -
The Federal Emergency Management Agency is asking for an additional $9 billion for this year in hopes they don't run out of funds in August as they're currently slated to.
7h ago -
The SEC won its case against Richard Ganci and Richard Tortora of Capital Markets Advisors over conflicts of interest present in their fee arrangement in connection to a $119 million offering for the City of Rochester, New York.
8h ago