| Government Securities Prices | 10-year: 97 21/32 to yield 2.39, up 28/32 30-year: 97 27/32 to yield 3.11, up 22/32 |
|---|---|
| Municipal Bond Index | 122 5/32, up 13/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 06/12) | Total: $11.007 billion, up $1.776 billion Competitive: $2.891 billion, down $1.092 billion Negotiated: $8.116 billion, up $2.868 billion |
| The MuniCenter List | Offering total: $12.090 billion, down $1.326 billion |
The federal infrastructure program would bring a fresh source of revenue for states and railroads.
"We welcome the SEC's approval of the amendments to Rule G-27 as we continue the ongoing retrospective rule review process and look for ways to provide more flexibility in a changing work environment," MSRB's Ernesto Lanza said.
The American Society of Civil Engineers lowered its infrastructure grade for North Carolina to C-minus this year from C; three other Southeast states improved.
Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.
Market participants broadly expected a rate hike, but the FOMC statement and press conference both rang more hawkish than what the markets probably anticipated, said Chris Brigati, managing director and CIO at SWBC.
A U.S. Appeals Court for the Tenth Circuit ruling vacated a lower court's permanent injunction against a project to expand the Gross Reservoir.
