| Government Securities Prices | 10-year: 98 21/32 to yield 2.66, down 15/32 30-year: 98 23/32 to yield 3.44, down 28/32 |
|---|---|
| Municipal Bond Index | 121 14/32, down 4/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 06/18) | Total: $8.344 billion, down $2.393 billion Competitive: $3.693 billion, down $1.602 billion Negotiated: $4.652 billion, down $790.8 million |
| The MuniCenter List | Offering total: $11.362 billion, down $65.0 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









