| Government Securities Prices | 10-year: 98 26/32 to yield 2.76, down 28/32 30-year: 100 18/32 to yield 3.84, down 22/32 |
|---|---|
| Municipal Bond Index | 119 11/32, unch |
| The Bond Buyer's 30-Day Visible Supply (as of 09/10) | Total: $9.213 billion, up $2.886 billion Competitive: $2.748 billion, up $740.8 million Negotiated: $6.465 billion, up $2.642 billion |
| The MuniCenter List | Offering total: $7.968 billion, down $679.9 million |
Brodie Killian has moved to PFM from Stifel Nicholas & Co., joining its Ann Arbor office as a director.
April continues to be "harsh" for munis as the asset class has given up roughly 72 basis points in the first two weeks of the month, said Jason Wong, vice president of municipals at AmeriVet Securities.
The city may have to make deeper cuts next year if voters don't approve two tax increases headed for the November ballot, if the City Council approves.
The most recent open solicitation period, last October, yielded three proposals.
Treasury representatives said Friday that they will be issuing further guidance to help counties deal with the upcoming reporting and compliance deadlines.
"We were originally thinking that we would offer five-, seven- and 10-year maturities, with $500 million in each tranche. But we decided today to just offer 5s and 10s — $500 million of five-year bonds and $1 billion of 10-year bonds," said Ben Watkins, Director of Florida's Bond Division.
