| Government Securities Prices | 10-year: 101 10/32 to yield 1.85, unch 30-year: 100 12/32 to yield 3.11, down 7/32 |
|---|---|
| Municipal Bond Index | 129 1/32, unch |
| The Bond Buyer's 30-Day Visible Supply (as of 04/01) | Total: $7.868 billion, up $557.1 million Competitive: $3.553 billion, up $410.4 million Negotiated: $4.315 billion, up $146.7 million |
| The MuniCenter List | Offering total: $7.840 billion, down $1.930 billion |
The county commission said it hopes to regain Moody's ratings this fall.
Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.
UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.
Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.
"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.
The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.
