| Government Securities Prices | 10-year: 100 18/32 to yield 2.31, up 5/32 30-year: 101 19/32 to yield 3.04, up 10/32 |
|---|---|
| Municipal Bond Index | 125 9/32, up 4/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 10/31) | Total: $12.351 billion, up $3.011 billion Competitive: $3.477 billion, up $97.5 million Negotiated: $8.874 billion, up $2.914 billion |
| The MuniCenter List | Offering total: $10.426 billion, up $34.4 million |
Muni yields are succumbing to a "domino effect," said Kim Olsan, portfolio manager at NewSquare Capital.
A three judge panel upheld a lower court rejection of the bondholders' suit against Puerto Rico's central government.
Maryland enters the data center regulation movement as Governor Wes Moore signs an executive order and signals an end to sales tax exemptions.
The selloff in munis this week is "against a backdrop of historic bid wanted in competition volume, continued rate volatility, tax-loss selling [and] unfavorable technicals," said J.P. Morgan strategists.
"We believe strongly in these sectors, and they are poised for even more growth," Bo Daniels, Loop Capital's head of public finance, said in a statement.
The deal, set to close in the coming weeks, adds a group of capital markets and other market professionals, according to a press release.
