| Government Securities Prices | 10-year: 104 21/32 to yield 1.73, up 3/32 30-year: 109 8/32 to yield 2.55, up 7/32 |
|---|---|
| Municipal Bond Index | 129 11/32, up 2/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 02/10) | Total: $9.077 billion, down $3.122 billion Competitive: $2.302 billion, down $1.683 billion Negotiated: $6.776 billion, down $1.439 billion |
| The MuniCenter List | Offering total: $10.218 billion, up $769.0 million |
The SEC has issued a proposal to rescind its "pay-to-play" rule relating to investment advisers. The rule "was modeled, in large part," on MSRB Rule G-37, Commissioner Hester Peirce said.
Indiana illustrates both the shifting political risk for data centers and the direction of the infrastructure finance discussion on this issue.
Oregon Gov. Tina Kotek canceled plans for a Salem data center in July. Her new edict goes further.
This week's new-issue calendar is sizable, NewSquare Capital's Kim Olsan said, given fairly light September redemptions. Around a third of the $15 billion calendar is tied up in deals from New York City and Alabama.
The incoming Bond Buyer Hall of Famer helped build Citi into a dominant municipal underwriting franchise by making complex finance understandable, actionable and useful to issuers.
A proposal for raising tax revenue includes eliminating the tax exemption for municipal bonds, a fundamental part of the muni market.
