| Government Securities Prices | 10-year: 98 27/32 to yield 2.63%, down 7/32 30-year: 98 4/32 to yield 3.48%, down 29/32 |
|---|---|
| Municipal Bond Index | 121 17/32, unchanged |
| The Bond Buyer's 30-Day Visible Supply (as of 06/19) | Total: $9.994 billion, up $2.629 billion Competitive: $3.670 billion, down $152.3 million Negotiated: $6.324 billion, up $2.782 billion |
| The MuniCenter List | Offering total: $10.198 billion, down $669.2 million |
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Munis are entering a negative feedback loop, according to J.P. Morgan analysts led by Peter DeGroot.
September 25 -
Credit ratings for California utilities could face downward pressure as recurring wildfire risks test safety funds and strain balance sheets.
September 25 -
"In a few years, Brightline may have to consider going through something like this again," warned one investor.
September 25 -
Bondholders and Assured Guaranty are providing substantial funding in post-petition and post-bankruptcy packages to keep the project operating.
September 25 -
GASB has issued updated questions and answers designed to clarify how subsidies relate to operating revenue, an important distinction affecting higher education, and transportation entities.
September 25 -
Ahead of a refinancing next week and a new money deal next month, Chicago's spreads have widened, suggesting the market may be pricing in a downgrade, analysts said.
September 25









