| Government Securities Prices | 10-year: 98 18/32 to yield 2.41%, down 3/32 30-year: 99 18/32 to yield 3.02%, down 3/32 |
|---|---|
| Municipal Bond Index | 123 20/32 up 10/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 3/24) | Total: $10.668 billion, up $3.221 billion Competitive: $3.097 billion, down $199.9 million Negotiated: $7.572 billion, up $3.421 billion |
| The MuniCenter List | Offering total: $14.391 billion, down $378.5 million |
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
It's no surprise that munis are in a "holding pattern," Charles Schwab's Cooper Howard said, as investors are eager to hear Fed Chair Kevin Warsh's speech on Friday.
