| Government Securities Prices | 10-year: 100 6/32 to yield 2.35, up 20/32 30-year: 101 10/32 to yield 3.06, up 112/32 |
|---|---|
| Municipal Bond Index | 124 30/32, up 11/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 10/08) | Total: $9.045 billion, up $354.8 million Competitive: $2.486 billion, down $64.5 million Negotiated: $6.559 billion, up $419.3 million |
| The MuniCenter List | Offering total: $10.039 billion, up $505.2 million |
The RSA and bankruptcy would "significantly deleverage Brightline's balance sheet and greatly improve liquidity," the company said.
The veto means California won't have a new vehicle to fund large-scale infrastructure. Newsom also killed a bill to unwind pension reforms.
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.
